31A-9-404. Annual report to fraternal members.
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31A-9-404. Annual report to fraternal members.
(1)Every domestic fraternal shall send to each member having insurance or shall publish in the official publication under Subsection 31A-9-402(1) , an abbreviated annual report.
(2)This report shall contain:
(a)basic financial and operating data;
(b)information about important business and corporate developments;
(c)other information the fraternal wishes to include; or
(d)other information the commissioner by rule requires it to include to adequately inform its members.
(3)The fraternal shall send a business mail reply form on which the member may request a more complete annual report. This complete annual report shall contain the information prescribed by rule under Subsection 31A-2-201(3) .
Amended by Chapter 91 , 1987 General Session