Fraternal Benefit Societies | Midpage

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New York Consolidated Laws

45

Fraternal Benefit Societies

4501Definitions 4502Incorporation and licensing of domestic societies; meeting of supreme governing body 4503Licensing of foreign and alien societies 4504Amendments to charter, constitution and by-laws; waiver of provisions 4505Insurance benefits authorized 4506Classes of membership 4507Juvenile members 4508Beneficiaries 4509Certificates; applications; effect of changes in corporate documents 4510Life insurance certificates; required and prohibited provisions 4511Life insurance certificates and annuity contracts; nonforfeiture benefits and values; requirements and exceptions 4512Accident and health and disability insurance certificates; compliance with rules and regulations 4513Annuity certificates; compliance with rules and regulations 4514Creation and maintenance of separate funds; premiums; assessments and other contributions of members 4515Conditions for avoiding separate funds 4516Annual statement; valuation report; power of superintendent 4517Standard of valuation reserves 4518Amounts credited on life insurance certificates 4519Impairment of reserves and surplus; order to make good deficiency 4520Non-liability of officers and members 4521Grounds for revocation or suspension of license 4522Exemptions of certain organizations 4523Soliciting membership in unauthorized societies; penalties 4524Exemption from taxation 4525Application of other provisions of this chapter 4526Investments of fraternal benefit societies 4527Optional authority and regulation 4528New business limitations 4529Subsidiaries authorized 4530Optional Investment Authority