Chapter 81a Fraternal Benefit Societies (500.8161...500.8199a)

  1. Law
  2. Michigan Compiled Laws
  3. Insurance Code of 1956
  4. 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
  5. Chapter 81a Fraternal Benefit Societies (500.8161...500.8199a)

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Section
500.8161

Definitions.

Section
500.8162

Society Governed by Chapter; Exemption.

Section
500.8163

Society as Charitable and Benevolent Institution; Tax Exemption.

Section
500.8164

Definition of Fraternal Benefit Society.

Section
500.8165

Society Operating on Lodge System; Requirements; Lodges for Children.

Section
500.8166

Representative Form of Government; Requirements; Postponement of Society Meetings.

Section
500.8167

Society Operating for Benefit of Members and Their Beneficiaries; Requirements; Subsidiary Corporations or Affiliated Organizations; Laws and Rules; Additional Powers.

Section
500.8168

Specification of Eligibility Standards, Admission Process, and Rights and Privileges; Social Members; Rights Personal and Not Assignable.

Section
500.8169

Principal Office of Domestic Society; Meetings of Supreme Governing Body; Validity of Business Transacted; Minutes; Official Publication; Report, Notice, or Statement; Mailing or Publication of Synopsis of Annual Statement; Grievance or Complaint Procedures.

Section
500.8170

Personal Liability; Indemnification and Reimbursement; Purchase of Insurance.

Section
500.8171

Waiver of Society's Laws.

Section
500.8172

Formation of Domestic Fraternal Society; Requirements; Filing Documents; Bond; Certifying, Retaining, and Filing Articles of Incorporation; Preliminary Certificate of Authority; Solicitation of Members; Collection of Premium; Receipt; Liability; Issuance of Certificate; Paying or Allowing Benefit; Examination; Information; Evidence of Compliance; Issuance of Certificate of Authority; Certificate as Evidence; Record.

Section
500.8173

Reincorporation Not Required.

Section
500.8174

Amendment to Laws.

Section
500.8175

Not for Profit Institution; Purposes; Reporting Real or Personal Property.

Section
500.8176

Reinsurance Agreement.

Section
500.8177

Consolidation or Merger; Compliance; Filings; Approval of Contract; Issuance of Certificate; Effective Date; Vesting of Rights, Franchises, and Interest; Affidavit as Evidence of Mailing Notice or Documents; Payment of Expenses and Compensation; Itemized Statement of Expenses; Consolidation or Merger Subject to MCL 500.7604.

Section
500.8178

Domestic Fraternal Benefit Society as Mutual Life Insurance Company.

Section
500.8179

Contractual Benefits; Specifying Persons Covered in Rules.

Section
500.8180

Changing Beneficiary; Limiting Scope of Beneficiary Designations; Vested Interest of Revocable Beneficiary; Payment of Funeral Benefits; Payment of Benefit to Personal Representative or Owner of Certificate.

Section
500.8181

Attachment, Garnishment, or Other Process.

Section
500.8182

Benefit Contracts.

Section
500.8183

Value of Paid-Up Nonforfeiture Benefit; Amount of Cash Surrender Value, Loan, or Other Option Granted.

Section
500.8184

Investments Generally.

Section
500.8185

Assets; Special Fund; Accounts; Issuance of Contracts on Variable Basis; Special Procedures; Special Voting and Other Rights.

Section
500.8186

Standards of Valuation for Certificates; Excess Reserves.

Section
500.8187

Reports; Annual Statement; Valuation of Certificates; Penalty.

Section
500.8188

Duration of License or Authorization to Transact Business; Copy of License as Evidence.

Section
500.8189

Examination of Society.

Section
500.8190

Foreign or Alien Society; License Required; Compliance; Conditions.

Section
500.8191

Domestic Society; Deficiencies; Notice; Request for Correction; Noncompliance; Action to Enjoin or Action in Quo Warranto; Hearing; Order; Findings; Liquidation; Recognition of Action; Receiver; Voluntary Determination to Discontinue Business.

Section
500.8192

Foreign or Alien Society; Deficiencies; Notice; Request for Correction; Noncompliance; Suspension, Revocation, or Refusal of License; Contracts.

Section
500.8193

Application or Petition for Injunction; Recognition.

Section
500.8194

Agent of Society; License Required; Exceptions.

Section
500.8195

Society Subject to Chapter 20.

Section
500.8196

Service of Process.

Section
500.8197

False or Fraudulent Statement or Representation as Misdemeanor or Perjury; Violation of MCL 500.8177 as Felony; Soliciting or Procuring Membership in Unlicensed Society as Misdemeanor; Violation of or Noncompliance With Chapter; Penalties.

Section
500.8198

Decisions and Findings of Commissioner; Judicial Review.

Section
500.8199

Exemptions.

Section
500.8199a

Additional Chapters and Provisions Applicable to Fraternal Benefit Society.