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Home » US Law » 2022 Colorado Code » Title 10 - Insurance » Article 14 - Fraternal Benefit Societies » Part 1 - Definitions - Structure and Purpose

§ 10-14-101. Definitions

As used in this article, unless the context otherwise requires: “Benefit contract” means the agreement for the provision of benefits authorized by section 10-14-401, as that agreement is described in section 10-14-404. “Benefit member” means an adult member who is designated by the governing documents of the society to be a benefit member under a […]

§ 10-14-102. Fraternal Benefit Societies – What Constitutes

Any incorporated society, order, or supreme lodge, without capital stock, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides any of the benefits enumerated in section 10-14-401, is hereby declared […]

§ 10-14-103. Lodge System – Defined

A society is operating on the lodge system if it has a supreme governing or legislative body and subordinate lodges into which members are elected, initiated, or admitted in accordance with its governing documents, and rituals. Subordinate lodges shall be required by the governing documents of the society to hold regular meetings at least once […]

§ 10-14-104. Representative Form of Government – Defined

A society has a representative form of government when: The supreme governing body is either: An assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as may be prescribed in the society’s governing documents. A society may provide for the […]

§ 10-14-105. Purposes and Powers

A society shall operate for the benefit of members and their beneficiaries by: Providing benefits as specified in section 10-14-401; and Operating for one or more lawful social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes for the benefit of its members, which may also be extended to others. Such purposes may be […]