33-23-1 Scope of article
33-23-2 Applicability of other provisions
33-23-2a Applicability of insurance fraud prevention act
33-23-3 Fraternal benefit societies defined
33-23-4 Lodge system defined
33-23-5 Representative form of government defined
33-23-6 Organization
33-23-7 Retention of corporate powers by existing incorporated societies
33-23-8 Incorporation of existing voluntary associations
33-23-9 Office and meetings of domestic society
33-23-10 Consolidations and mergers
33-23-11 Conversion of society to mutual life insurer
33-23-12 Qualifications for benefit membership
33-23-13 Amendment of articles of incorporation, Constitution or laws
33-23-14 Operation of charitable, benevolent or educational institutions
33-23-15 Payment of benefits other than insurance benefits
33-23-16 No personal liability for payment of benefits
33-23-17 Kinds of benefits authorized
33-23-18 Benefits on lives of children
33-23-19 Nonforfeiture benefits, cash surrender values, loans and options
33-23-20 Beneficiaries
33-23-21 Benefits not liable to process
33-23-22 Certificates and agreement with members
33-23-23 Approval of certificates; standard and prohibited provisions
33-23-24 Filing and approval of accident and sickness insurance certificates
33-23-25 Waiver of laws and Constitution of society
33-23-26 Reinsurance
33-23-27 Licensing of foreign and alien societies
33-23-28 Term of license; renewal, refusal, revocation or suspension; penalty in lieu thereof; reissuance
33-23-29 Fees; exemption of funds and assets from taxation
33-23-30 Use of funds
33-23-31 Investments
33-23-32 Reports and synopses of annual statements; valuations
33-23-33 Agents
33-23-34 Exemption of certain societies
33-23-35 Continuum of care services
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Terms Used In West Virginia Code > Chapter 33 > Article 23 - Fraternal Benefit Societies

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • 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.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • Judgment: includes decrees and orders for the payment of money, or the conveyance or delivery of land or personal property, or some interest therein, or any undertaking, bond or recognizance which has the legal effect of a judgment. See West Virginia Code 2-2-10
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • premiums: as used in this article means premiums, rates, or other required contributions by whatever name known. See West Virginia Code 33-23-23
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • Town: includes a city, village or town, and the word "council" any body or board, whether composed of one or more branches, which is authorized to make ordinances for the government of a city, town, or village. See West Virginia Code 2-2-10