South Carolina Code 38-38-40. Definitions
(1) "Benefit contract" means the agreement for provision of benefits authorized by this chapter, as that agreement is described in this chapter.
Terms Used In South Carolina Code 38-38-40
- Benefit contract: means the agreement for provision of benefits authorized by this chapter, as that agreement is described in this chapter. See South Carolina Code 38-38-40
- Benefit member: means an adult member who is designated by the bylaws or rules of the society to be a benefit member under a benefit contract. See South Carolina Code 38-38-40
- Bylaws: means the society's articles of incorporation, constitution, and bylaws, however designated. See South Carolina Code 38-38-40
- Certificate: means the document issued as written evidence of the benefit contract. See South Carolina Code 38-38-40
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the Department of Insurance of South Carolina. See South Carolina Code 38-1-20
- Director: means the Director of the Department of Insurance of this State. See South Carolina Code 38-38-40
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- insurance: includes annuities. See South Carolina Code 38-1-20
- Premiums: means premiums, rates, dues, or other required contributions, by whatever name known, which are payable under the certificate. See South Carolina Code 38-38-40
- Rules: means all rules, regulations, or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society. See South Carolina Code 38-38-40
- Society: means fraternal benefit society, unless otherwise indicated. See South Carolina Code 38-38-40
(2) "Benefit member" means an adult member who is designated by the bylaws or rules of the society to be a benefit member under a benefit contract.
(3) "Certificate" means the document issued as written evidence of the benefit contract.
(4) "Director" means the Director of the Department of Insurance of this State.
(5) "Bylaws" means the society’s articles of incorporation, constitution, and bylaws, however designated.
(6) "Lodge" means subordinate member units of the society, known as camps, courts, councils, branches, or by any other designation.
(7) "Premiums" means premiums, rates, dues, or other required contributions, by whatever name known, which are payable under the certificate.
(8) "Rules" means all rules, regulations, or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society.
(9) "Society" means fraternal benefit society, unless otherwise indicated.