§ 58-24-15. Terms used.

177 words·~1 min read·/nc/chapter-58/58-24-15

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Whenever used in this Article:

(a)"Benefit contract" shall mean the agreement for provision of benefits authorized by G.S. 58-24-75, as that agreement is described in G.S. 58-24-90(a).

(b)"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.

(c)"Certificate" shall mean the document issued as written evidence of the benefit contract.

(d)"Premiums" shall mean premiums, rates, dues or other required contributions by whatever name known, which are payable under the certificate.

(e)"Laws" shall mean the society's articles of incorporation, constitution and bylaws, however designated.

(f)"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.

(g)"Society" shall mean fraternal benefit society, unless otherwise indicated.

(h)"Lodge" shall mean subordinate member units of the society, known as camps, courts, councils, branches or by any other designation. (1987, c. 483, s. 2.)