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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 8. ENTITIES THAT ACT AS INSURERS |
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SUBTITLE 4. FRATERNAL BENEFIT SOCIETIES |
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PART I. DEFINITIONS; GENERAL PROVISIONS |
§ 8-401. Definitions
Latest version.
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(a) In general. -- In this subtitle the following words have the meanings indicated.
(b) Benefit contract. -- "Benefit contract" means the agreement for provision of benefits authorized by § 8-432 of this subtitle.
(c) Benefit member. -- "Benefit member" means an adult member who is designated by the laws or rules of a society to be a benefit member under a benefit contract.
(d) Certificate. -- "Certificate" means the document issued as written evidence of a benefit contract.
(e) Laws. -- "Laws" means a society's articles of incorporation, constitution, and bylaws, however designated.
(f) Lodge. -- "Lodge" means subordinate member units of a society, known as camps, courts, councils, branches, or by any other designation.
(g) Premiums. -- "Premiums" means premiums, rates, dues, or other required contributions by whatever name known that are payable under a certificate.
(h) Rules. -- "Rules" means all rules, regulations, or resolutions adopted by the supreme governing body or board of directors of a society which are intended to have general application to the members of the society.
(i) Society. -- Unless the context requires otherwise, "society" means fraternal benefit society.
HISTORY: An. Code 1957, art. 48A, § 302, 344B; CA § 6-401; 1995, ch. 36, § 1; 1997, ch. 183, § 1; 2001, ch. 731, § 1, 2.