Section 500.8180 – Changing Beneficiary; Limiting Scope of Beneficiary Designations; Vested Interest of Revocable Beneficiary; Payment of Funeral Benefits; Payment of Benefit to Personal Representative or Owner of Certificate.
500.8180 Changing beneficiary; limiting scope of beneficiary designations; vested interest of revocable beneficiary; payment of funeral benefits; payment of benefit to personal representative or owner of certificate. Sec. 8180. (1) The owner of a benefit contract may change the beneficiary in accordance with the society’s laws or rules unless the owner waives this right by […]
Section 500.8181 – Attachment, Garnishment, or Other Process.
500.8181 Attachment, garnishment, or other process. Sec. 8181. No money or other benefit, charity, relief, or aid to be paid, provided, or rendered by a society, shall be liable to attachment, garnishment, or other process, or seized, taken, appropriated, or applied by any legal or equitable process or operation of law to pay any debt […]
Section 500.8182 – Benefit Contracts.
500.8182 Benefit contracts. Sec. 8182. (1) Each society authorized to do business in this state shall issue to each owner of a benefit contract a certificate specifying the amount of benefits provided. The certificate, together with any attached riders or endorsements, the laws of the society, the application for membership, the application for insurance and […]
Section 500.8168 – Specification of Eligibility Standards, Admission Process, and Rights and Privileges; Social Members; Rights Personal and Not Assignable.
500.8168 Specification of eligibility standards, admission process, and rights and privileges; social members; rights personal and not assignable. Sec. 8168. (1) A society shall specify all of the following in its laws or rules: (a) Eligibility standards for each and every class of membership. However, if benefits are provided on the lives of children, the […]
Section 500.8169 – Principal Office of Domestic Society; Meetings of Supreme Governing Body; Validity of Business Transacted; Minutes; Official Publication; Report, Notice, or Statement; Mailing or Publication of Synopsis of Annual Statement; Grievance or Complaint Procedures.
500.8169 Principal office of domestic society; meetings of supreme governing body; validity of business transacted; minutes; official publication; report, notice, or statement; mailing or publication of synopsis of annual statement; grievance or complaint procedures. Sec. 8169. (1) The principal office of a domestic society shall be located in this state. The meetings of its supreme […]
Section 500.8170 – Personal Liability; Indemnification and Reimbursement; Purchase of Insurance.
500.8170 Personal liability; indemnification and reimbursement; purchase of insurance. Sec. 8170. (1) The officers and members of the supreme governing body or any subordinate body of a society shall not be personally liable for any benefits provided by a society. (2) A person may be indemnified and reimbursed by a society for expenses reasonably incurred […]
Section 500.8171 – Waiver of Society’s Laws.
500.8171 Waiver of society’s laws. Sec. 8171. A society’s laws may provide that a subordinate body and its subordinate officers or members shall not have the power or authority to waive any of the provisions of the society’s laws and shall be binding on the society and every member and beneficiary of a member. History: […]
Section 500.8172 – Formation of Domestic Fraternal Society; Requirements; Filing Documents; Bond; Certifying, Retaining, and Filing Articles of Incorporation; Preliminary Certificate of Authority; Solicitation of Members; Collection of Premium; Receipt; Liability; Issuance of Certificate; Paying or Allowing Benefit; Examination; Information; Evidence of Compliance; Issuance of Certificate of Authority; Certificate as Evidence; Record.
500.8172 Formation of domestic fraternal society; requirements; filing documents; bond; certifying, retaining, and filing articles of incorporation; preliminary certificate of authority; solicitation of members; collection of premium; receipt; liability; issuance of certificate; paying or allowing benefit; examination; information; evidence of compliance; issuance of certificate of authority; certificate as evidence; record. Sec. 8172. (1) To form […]
Section 500.8173 – Reincorporation Not Required.
500.8173 Reincorporation not required. Sec. 8173. An incorporated society authorized to transact business in this state on April 1, 1990 is not required to reincorporate under this chapter. History: Add. 1990, Act 1, Eff. Apr. 1, 1990 Popular Name: Act 218
Section 500.8174 – Amendment to Laws.
500.8174 Amendment to laws. Sec. 8174. (1) A domestic society may amend its laws, as its laws provide, by action of its supreme governing body at any regular or special meeting or, if its laws so provide, by referendum. A referendum may be held in accordance with the provisions of the society’s laws by the […]