Home Table of Contents

§ 991.2411. Qualifications for membership

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: September 9, 2002

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article XXIV. Fraternal Benefit Societies (Refs & Annos)
(b) Membership
Effective: September 9, 2002
40 P.S. § 991.2411
§ 991.2411. Qualifications for membership
Currentness
(a) General rule.--A society shall specify in its laws or rules:
(1) Eligibility standards for each and every class of membership. If benefits are provided on the lives of children, the minimum age for adult membership shall be 15 years and the maximum age shall be 21 years.
(2) The process for admission to membership for each membership class.
(3) The rights and privileges of each membership class. Only benefit members shall have the right to vote on the management of the insurance affairs of the society.
(b) Social members.--A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society.
(c) Membership is personal.--Membership rights in the society are personal to the member and are not assignable.

Credits

1921, May 17, P.L. 682, No. 284, art. XXIV, § 2411, added 2002, July 10, P.L. 749, No. 110, § 9, effective in 60 days.
40 P.S. § 991.2411, PA ST 40 P.S. § 991.2411
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document