There is a newer version of the Iowa Code
2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 512B - FRATERNAL BENEFIT SOCIETIES
512B.7 - QUALIFICATIONS FOR MEMBERSHIP.
512B.7 QUALIFICATIONS FOR MEMBERSHIP. 1. In its laws or regulations, a society shall at minimum specify all of the following: a. Eligibility standards for each membership class. If benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen and not greater than age twenty-one. b. The process for admission to membership for each membership class. c. The rights and privileges of each membership class. Only benefit members shall have the right to vote on the management of the insurance affairs of the society. 2. A society may also admit social members. A social member shall have no voice or vote in the management of the insurance affairs of the society. 3. Membership rights in a society are personal to the member and are not assignable.Section History: Recent Form
90 Acts, ch 1148, §7
Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.