PocketLaw | Delaware Code | Mutual Benefit Associations

Mutual Benefit Associations

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Scope of chapter; provisions exclusive.

“Mutual benefit association” defined.

Exempt associations.

Incorporation; prerequisites.

Certificate of authority required; foreign operations.

Certificate of authority — Application.

Certificate of authority — Issuance; renewal.

Certificate of authority — Revocation.

Guaranty fund.

Benefit fund.

Investments.

Annual statement.

Examination of association — Timing; responsibility.

Examination of association — Access to books and records; witnesses.

Examination of association — Refusal to permit; revocation of certificate of authority.

Domestic associations; situs of business; reports and fees.

Certificate of membership — Approval; terms.

Certificate of membership — Limitations on benefits.

Agreement between association and members; binding effect.

Fees; costs; in lieu of provision.

Merger; reinsurance; transfers with other associations.

Dissolution.

Penalties.

Other provisions applicable.