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

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