Me. Rev. Stat. tit. 24-A, ch. 55 – Fraternal Benefit Societies | Midpage

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Maine Revised Statutes

Chapter 55

Me. Rev. Stat. tit. 24-A, ch. 55

Fraternal Benefit Societies

4101Fraternal benefit societies defined 4102Lodge system defined 4103Representative form of government defined 4104Organization 4105Corporate powers retained 4106Voluntary associations 4107Location of office -- place of meeting 4108Consolidations and mergers 4109Conversion of fraternal benefit society into mutual life insurance company 4110Qualifications for membership 4111Articles of incorporation, constitution and laws -- amendments 4112Institutions 4113No personal liability 4114Benefits 4115Benefits on lives of children 4116Nonforfeiture benefits, cash surrender values, certificate loans and other options 4117Beneficiaries 4118Benefits not attachable 4119The contract 4120Life benefit certificate provisions, standard and prohibited 4121Accident and health insurance and total and permanent disability insurance certificates 4121-AAcquired Immune Deficiency Syndrome 4122Waiver 4123Reinsurance 4124Licenses 4125Foreign or alien society -- admission 4126Injunction -- liquidation -- receivership of domestic society 4127-ASuspension, revocation or refusal of license of foreign or alien society 4128Licensing of agents 4129Service of process 4130Injunction 4131Review 4132Funds 4133Investments 4134Reports and valuations 4135Examination of domestic societies 4136Examination of foreign and alien societies 4137No adverse publications 4138-AEnforcement; unfair methods of competition and unfair and deceptive acts and practices 4139-AFuneral service contracts 4140Taxation 4141Exemptions 4142Exemption of certain societies 4143Penalties