Indiana Code 27-11-3-1. Eligibility standards; admission process; rights and privileges of members; social members
Current as of: 2024 | Check for updates
|
Other versions
Sec. 1. (a) A society shall specify in its laws or rules:
(2) the process for admission to each membership class; and
(1) eligibility standards for each and every class of membership, provided that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen (15) and not greater than age twenty-one (21);
(3) the rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society.
(b) A society may also admit social members who have no voice or vote in the management of the insurance affairs of the society.
(c) Membership rights in the society are personal to the member and are not assignable.
As added by P.L.262-1985, SEC.1.