There is a newer version of the Kentucky Revised Statutes
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2013 Kentucky Revised Statutes
CHAPTER 304 - INSURANCE CODE
Subtitle 29 - Fraternal Benefit Societies
29.29-061 Qualifications for membership.


KY Rev Stat § 29.29-061 (2013) What's This?

Download as PDF 304.29-061 Qualifications for membership. (1) (2) (3) A society shall specify in its laws or rules: (a) Eligibility standards for each and every class of membership. If benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen (15) and not greater than age twenty-one (21); (b) The process for admission to membership for each membership class; and (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. A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society. Membership rights in the society shall be personal to the member and shall not be assignable. Effective:January 1, 1989 History: Created 1988 Ky. Acts ch. 310, sec. 6, effective January 1, 1989.

Disclaimer: These codes may not be the most recent version. Kentucky 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.