304.29-371 Exemption of certain societies.
(1)
(2)
(3)
(4)
(5)
(6)
Nothing contained in this chapter shall be so construed as to affect or apply to:
(a) Grand or subordinate lodges of societies, orders, or associations now doing
business in this state which provide benefits exclusively through local or
subordinate lodges;
(b) Orders, societies or associations which admit to membership only persons
engaged in one (1) or more crafts or hazardous occupations, in the same or
similar lines of business, insuring only their own members and their families,
and the ladies societies or ladies' auxiliaries to such orders, societies, or
associations;
(c) Domestic societies which limit their membership to employees of a particular
city or town, designated firm, business house, or corporation which provide
for a death benefit of not more than four hundred dollars (0) or disability
benefits of not more than three hundred fifty dollars (0) to any person in
any one (1) year, or both; or
(d) Domestic societies or associations of a purely religious, charitable, or
benevolent description, which provide for a death benefit of not more than
four hundred dollars (0) or for disability benefits of not more than three
hundred fifty dollars (0) to any one (1) person in any one (1) year, or both.
Any society or association described in paragraph (c) or (d) of subsection (1) of this
section which provides for death or disability benefits for which benefit certificates
are issued, and any society or association included in paragraph (d) of subsection (1)
of this section which has more than one thousand (1,000) members, shall not be
exempted from the provisions of this subtitle but shall comply with all requirements
therein.
No society which, by the provisions of this section, is exempt from the requirements
of this subtitle, except any society described in paragraph (b) of subsection (1) of
this section, shall give or allow, or promise to give or allow to any person any
compensation for procuring new members.
Every society which provides for benefits in case of death or disability resulting
solely from accident, and which does not obligate itself to pay natural death or sick
benefits, shall have all of the privileges and be subject to all the applicable
provisions and regulations of this subtitle except that the provisions thereof relating
to medical examination, valuations of benefit certificates, and incontestability, shall
not apply to the society.
The commissioner may require from any society or association, by examination or
otherwise, such information as will enable the commissioner to determine whether
the society or association is exempt from the provisions of this subtitle.
Societies, exempted under the provisions of this section, shall also be exempt from
all other provisions of the insurance laws of this state.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1406, effective July 15, 2010. -- Created
1988 Ky. Acts ch. 310, sec. 37, effective January 1, 1989.
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