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Article 7 FRATERNAL BENEFIT SOCIETIES

• 40-701
• 40-702
• 40-703
• 40-704
• 40-705
• 40-706
• 40-706a
• 40-707
• 40-708
• 40-709
• 40-710
• 40-711
• 40-712
• 40-713
• 40-714
• 40-715
• 40-716
• 40-717
• 40-718
• 40-719, 40-720
• 40-721
• 40-722
• 40-723, 40-724
• 40-725
• 40-726 to 40-737
• 40-738. Definitions.
• 40-739. Operation on lodge system; subordinate lodges required to hold regular meetings; lodges for children.
• 40-740. Representative form of government; election and voting criteria.
• 40-741. Definitions.
• 40-742. Operation for benefit of members; authorized insurance business and purposes; specification of persons who may be covered; adoption of laws and rules governing society's operation.
• 40-743. Laws and rules; provisions relating to membership to be specified.
• 40-744. Location of principal office; supreme governing body, location of meetings, minutes of proceedings; official publication for notices; mailings; grievance or complaint procedures.
• 40-745. Personal liability of supreme governing body officers and members; indemnification and reimbursement for expenses and liabilities of directors, officers, employees and agents of society and ot
• 40-746. Society's laws nonwaivable by subordinate bodies, officers or members.
• 40-747. Beneficiary designations; payment of funeral benefits to persons incurring expense therefor; payment of proceeds when no lawful beneficiary.
• 40-748. Benefits not subject to attachment, garnishment or process.
• 40-749. Benefit contracts; certificate to be issued to owners; statements on application representations; effect of amendments to society's laws; contracts on lives of minors; impairment of reserv
• 40-750. Valuation of paid-up nonforfeiture benefits, cash surrender values and loan or other options.
• 40-751. Investment of funds.
• 40-752. Holding of assets; creation of special funds; establishment of separate accounts; issuance of contracts on variable basis.
• 40-753. Insurance laws application to societies.
• 40-754. Standards of valuation for certificates; mortality tables; maintenance of reserves in excess of those required.
• 40-755. Annual statement to include valuation of certificates in force; certification or verification of actuary.
• 40-756. Licenses continued in force upon payment of fees; certified copy of license prima facie evidence licensee is society.
• 40-757. Examinations; notice and opportunity to respond; payment of expenses.
• 40-758. Foreign and alien societies to procure license to transact business in state; filing and other requirements.
• 40-759. Deficiencies in operation by domestic society; notice to correct; show cause requirement upon failure to correct; injunction or quo warranto action by attorney general; recommencement of busin
• 40-760. Deficiencies in operation by foreign or alien society; notice to correct; show cause requirement upon failure to correct; suspension, revocation or refusal of authority to do business; certain
• 40-761. Application or petition for injunction required to be made by attorney general on request of commissioner.
• 40-762. Agents, licensing, certification and examination; exemption therefrom for certain agents, representatives and members; society to maintain record of exempted representatives; information there
• 40-763. Societies and agents subject to law regulating trade practices; construction and application thereof.
• 40-764. Formation requirements; incorporators; articles of incorporation; documents to be filed with commissioner; bond; preliminary certificate of authority, expiration; solicitation of members upon
• 40-765. Amendment of domestic society's laws; procedures; approval by commissioner; amendments or synopsis thereof to be furnished to members; amendments and additions to be furnished to commissio
• 40-766. Establishment and operation of not for profit institutions to further purposes of society; compensation for institutions' services; annual statement to include property held for such purpo
• 40-767. Reinsurance; limitations; credit for reserves on ceded risks.
• 40-768. Consolidation or merger of domestic society; documents and evidence to be filed with commissioner; approval of commissioner; effective date; societies incorporated under laws of foreign state;
• 40-769. Conversion of society into mutual or stock life insurance company.
• 40-770. Same; submission of proposal to supreme legislative body; notice to be furnished members and policyholders; meeting of subordinate lodges or branches on proposal; election of delegates to supr
• 40-771. Same; adoption of resolution by delegates to supreme legislative body; certificate to be filed with commissioner by directors of society; contents.
• 40-772. Same; report of meeting to be filed with commissioner.
• 40-773. Same; conversion into stock company; purchase of stock; notice to members or policyholders of right to purchase; preference; limitation; nonmembers of society.
• 40-774. Same; status of corporation upon conversion; reserves on policies issued prior to conversion; succession to rights and property of society; power of commissioner to order divestiture or revalu
• 40-775. Same; preservation of rights of members, policyholders and creditors of society as obligations of new corporation; appointment of commissioner as process agent.
• 40-776. Same; obligation of new corporation to perform obligations of society; preservation of pending legal actions.
• 40-777. Appointment of commissioner as process agent; time for society to file pleadings after receiving copy of notice.
• 40-778. Review of commissioner's decisions.
• 40-779. Penalties for violations.
• 40-780. Application of act to exempted societies and organizations; information required by commissioner.
• 40-781. Rules and regulations.
• 40-782. Severability of act.