500.8161 Definitions.
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500.8161 Definitions.
Sec. 8161.
As used in this chapter:
(a)"Benefit contract" means the agreement for provision of benefits authorized by section 8179, as that agreement is described in section 8182(1).
(b)"Benefit member" means an adult member designated by the laws or rules of the society to be a benefit member under a benefit contract.
(c)"Certificate" means the document issued as written evidence of a benefit contract.
(d)"Laws" means the society's articles of incorporation, constitution, and bylaws, however designated.
(e)"Lodge" means the subordinate member units of a society, including camps, courts, councils, branches, or other similar designation.
(f)"Premiums" means rates, dues, or other required contributions payable under a certificate.
(g)"Rules" means all rules, regulations, or resolutions adopted by a society's supreme governing body or board of directors that are intended to have general application to the members of the society.
(h)"Society", unless otherwise indicated, means a fraternal benefit society.
History: Add. 1990, Act 1, Eff. Apr. 1, 1990
Popular Name: Act 218