Mo. Rev. Stat. ch. 378 – Fraternal Benefit Societies | Midpage

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Revised Statutes of Missouri

Chapter 378

Mo. Rev. Stat. ch. 378

Fraternal Benefit Societies

378.601Fraternal benefit society, defined 378.602Lodge system, requirements — children's wages permitted, limitation 378.603Representative form of government, requirements 378.604Definitions 378.605Operation, purpose — laws and rules, power to adopt 378.606Laws and rules, requirements — membership rights nonassignable 378.607Principal office, meetings, location — official publication, annual statement, requirements 378.608Liability, immunity from, when — indemnification, when — insurance, purchase of for officers allowed 378.609Waiver of laws, restriction on, when 378.610Organization of, how — articles of incorporation, contents — filing — membership requirements 378.611Amendment of laws, procedures — amendments furnished to members 378.612Society may operate nonprofit organizations — may not own funeral home 378.613Reinsurance agreements, allowed — limitations 378.614Merger or consolidation, allowed when — requirements — approval of director required — effects 378.615Conversion to mutual life insurance company, allowed when 378.616Benefits authorized — rules to specify allowable beneficiaries 378.617Change of beneficiary, allowed — funeral benefits, payment of, limitation — no beneficiary, effect 378.619Certificate of ownership, issued to owner, when, contents — life benefit contract, minor effects — impairment of class of certificates, effects — filing with director, when — minor, transfer of control of contract to, when 378.620Cash surrender value of certificate, computation of 378.621Investment of funds 378.622Assets, use of — variable basis contracts, allowed when 378.623Application of law — exemption from insurance laws 378.624Taxation of societies, exemptions 378.625Valuation of certificates, standards — reserves, excess permitted 378.626Statement of financial condition, contents, filing — penalty 378.627Annual renewal required 378.628Examination, director may conduct — expenses 378.629Foreign society to have license, requirements 378.630Powers of director to order changes, when — may enjoin further business, when, duration — liquidation, effect 378.631Foreign society, director may enjoin business, when 378.632Injunction, who may file 378.633Agents, licensing of — persons not deemed agents 378.634Unfair practices and frauds, subject to law — exception 378.635Service of process, director to be agent for 378.638Fraudulent acts, penalties 378.640Law not applicable to certain societies, when — specific exemptions 378.642Severability clause 378.645Review of director's decisions, how