Alaska Statutes (Last Updated: January 11, 2017) |
Title 21. INSURANCE. |
Chapter 21.84. FRATERNAL BENEFIT SOCIETIES. |
Article 21.84.02. MEMBERSHIP. |
Section 21.84.025. Qualifications for membership.
Latest version.
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(a) A society shall specify in its laws or rules
(1) eligibility standards for each class of membership, but, if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than 15 years of age and not more than 21 years of age;
(2) the process for admission to membership for each membership class; and
(3) the rights and privileges of each membership class; however, only benefit members may vote on the management of the insurance affairs of the society.
(b) A society may also admit social members, but the social members may not have a voice or vote in the management of the insurance affairs of the society.
(c) A society may organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges may not be required of children, nor may children have a voice or vote in the management of the society.
(d) Membership rights in the society are personal to the member and are not assignable.
Notes
History
(Sec. 2 ch 96 SLA 1997)