2013 Kentucky Revised Statutes
CHAPTER 304 - INSURANCE CODE
Subtitle 29 - Fraternal Benefit Societies
29.29-041 Definitions.

Download as PDF 304.29-041 Definitions. As used in this subtitle: (1) "Benefit contract" shall mean the agreement for provision of benefits authorized by KRS 304.29-161, as that agreement is described in subsection (1) of KRS 304.29-191. (2) "Benefit member" shall mean an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract. (3) "Certificate" shall mean the document issued as written evidence of the benefit contract. (4) "Premiums" shall mean premiums, rates, dues or other required contributions, however designated, which are payable under the certificate. (5) "Laws" shall mean the society's articles of incorporation, constitution and bylaws, however designated. (6) "Rules" shall mean all rules, regulations or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society. (7) "Society" shall mean fraternal benefit society, unless otherwise indicated. (8) "Lodge" shall mean subordinate member units of the society, known as camps, courts, councils, branches or by any other designation. Effective:January 1, 1989 History: Created 1988 Ky. Acts ch. 310, sec. 4, effective January 1, 1989.