Ohio Revised Code Chapter 3921 - Fraternal Benefit Societies

• Section 3921.01 - Fraternal Benefit Society Definitions.
  As used in this chapter: (A) "Benefit contract" means an agreement, as described in division (A) of section 3921.19 of the Revised Code, under...
• Section 3921.02 - Fraternal Benefit Society Requirements.
  Any incorporated society, order, or supreme lodge, without capital stock, including one exempted under division (A)(2) of section 3921.37 of the Revised Code whether...
• Section 3921.03 - Lodge System.
  (A) For purposes of section 3921.02 of the Revised Code, a society is operating on the lodge system if it has a supreme governing...
• Section 3921.04 - Representative Form Of Government.
  For purposes of section 3921.02 of the Revised Code, a fraternal benefit society has a representative form of government if all of the following...
• Section 3921.05 - Purpose Of Fraternal Benefit Society.
  (A) A fraternal benefit society shall operate for the benefit of its members and their beneficiaries by providing any of the benefits set forth...
• Section 3921.06 - Membership Rights.
  (A) A fraternal benefit society shall specify all of the following in its laws or rules: (1) Eligibility standards for each membership class, provided...
• Section 3921.07 - Organization Of Society.
  (A) The principal office of any domestic fraternal benefit society shall be located in this state. The meetings of its supreme governing body may...
• Section 3921.08 - Nonindividual Liability - Indemnification Or Reimbursement.
  (A) The officers and members of the supreme governing body or any subordinate body of a fraternal benefit society are not personally liable for...
• Section 3921.09 - Limitation On Powers Or Authority.
  The laws of a fraternal benefit society may provide that no subordinate body, nor any of its subordinate officers or members, shall have the...
• Section 3921.10 - Formation Of Society After 1-1-97.
  A domestic fraternal benefit society organized on or after January 1, 1997, shall be formed as follows: (A) Seven or more citizens of the...
• Section 3921.101 - Maintenance And Amount Of Surplus.
  (A) (1) On and after January 1, 2016, a fraternal benefit society that provides the contractual benefits listed in division (A)(1) of section 3921.16...
• Section 3921.11 - Amendment Of Laws.
  (A) A domestic fraternal benefit society may amend its laws in accordance with the provisions of its laws by action of its supreme governing...
• Section 3921.12 - Operating Charitable, Benevolent, Or Educational Institutions For Benefit Of Members.
  (A) A fraternal benefit society may create, maintain, and operate charitable, benevolent, or educational institutions for the benefit of its members and their families...
• Section 3921.13 - Reinsurance Agreements.
  (A) A domestic fraternal benefit society may, by a reinsurance agreement, cede any individual risk or risks in whole or in part to an...
• Section 3921.14 - Consolidation Or Merger Of Societies.
  (A) A domestic fraternal benefit society may consolidate or merge with any other society by complying with the provisions of this section. (B) The...
• Section 3921.15 - Fraternal Society Converted And Licensed As Mutual Life Insurance Company.
  Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company by compliance with all the applicable requirements of...
• Section 3921.16 - Contractual Benefits Provided By Society.
  (A) A fraternal benefit society may provide any of the following contractual benefits in any form: (1) Death benefits ; (2) Endowment benefits; (3)...
• Section 3921.17 - Designation Of Beneficiaries.
  (A) The owner of a benefit contract may at any time change the beneficiary in accordance with the laws or rules of the fraternal...
• Section 3921.18 - Exemption Of Benefits From Attachment Or Garnishment.
  No money or other benefit, charity, relief, or aid to be paid, provided, or rendered by any fraternal benefit society, shall be liable to...
• Section 3921.19 - Certificate Specifying Amount Of Benefits Provided Under Benefit Contract.
  (A) Each fraternal benefit society authorized to do business in this state shall issue to each owner of a benefit contract a certificate specifying...
• Section 3921.191 - Disclosure For Applicants For Contractual Benefits.
  (A) A fraternal benefit society shall provide an applicant for contractual benefits a disclosure statement at the time of sale substantially as follows:".......... (Name...
• Section 3921.20 - Paid-up Nonforfeiture Benefit - Cash Surrender Value.
  (A) In the case of certificates that are delivered or issued for delivery in this state on or after January 1, 1997, but prior...
• Section 3921.21 - Investment Of Funds.
  (A) Except as provided in division (B) of this section, a fraternal benefit society shall invest its funds only in such investments as are...
• Section 3921.22 - No Individual Right To Assets.
  (A) A fraternal benefit society shall hold, invest, and disburse all assets for the use and benefit of the society. No member or beneficiary...
• Section 3921.23 - Societies Exempt From Insurance Laws.
  Except as provided in this chapter, fraternal benefit societies shall be governed by this chapter and are exempt from all other provisions of the...
• Section 3921.24 - Tax Exemption.
  Every fraternal benefit society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its...
• Section 3921.25 - Standards Of Valuation For Certificates.
  (A) The standards of valuation for certificates that are delivered or issued for delivery in this state on or after January 1, 1997, but...
• Section 3921.26 - Annual Financial Statement - Valuation Of Certificates.
  (A) Each fraternal benefit society transacting business in this state shall annually file with the superintendent of insurance a true statement of its financial...
• Section 3921.27 - Renewal Of License - Fee.
  Fraternal benefit societies that are authorized to transact business in this state on December 31, 1996, may continue such business until April 1, 1997....
• Section 3921.28 - Examination Of Domestic And Foreign Societies.
  (A) (1) Each domestic fraternal benefit society and each applicant for a certificate of incorporation as a domestic fraternal benefit society shall be subject...
• Section 3921.281 - Amended And Renumbered Rc 3921.331.
  Effective Date: 03-22-2001
• Section 3921.29 - Foreign Or Alien Benefit Society License.
  No foreign or alien fraternal benefit society shall transact business in this state without a license issued by the superintendent of insurance. Any such...
• Section 3921.30 - Notice Of Deficiency.
  If the superintendent of insurance finds, upon investigation, that a domestic fraternal benefit society has exceeded its powers, has failed to comply with any...
• Section 3921.31 - Notice And Correction Of Deficiency Of Society.
  If the superintendent of insurance finds, upon investigation, that a foreign or alien fraternal benefit society transacting or applying to transact business in this...
• Section 3921.32 - [Repealed].
  Effective Date: 06-30-1997
• Section 3921.33 - Licensing Of Agents - Exceptions.
  (A) Agents of fraternal benefit societies shall be licensed in the manner provided for agents of insurance companies in Chapter 3905. of the Revised...
• Section 3921.331 - Effect Of Child Support Default On License.
  On receipt of a notice pursuant to section 3123.43 of the Revised Code, the superintendent of insurance shall comply with sections 3123.41 to 3123.50...
• Section 3921.34 - Application Of Deceptive Act Or Practice Prohibitions.
  Sections 3901.19 to 3901.26 of the Revised Code, and any other provision of Title XXXIX [39] of the Revised Code that prohibits life or...
• Section 3921.35 - Service Of Process Upon Agent.
  (A) Any fraternal benefit society authorized to transact business in this state shall have and maintain an agent upon whom may be served any...
• Section 3921.36 - False Or Misleading Statements.
  (A) No person shall cause or permit to be made, issued, or circulated in any form any of the following: (1) Any misrepresentation or...
• Section 3921.37 - Exceptions To Chapter.
  (A) Nothing in this chapter shall be construed as applying to or otherwise affecting any of the following: (1) Grand or subordinate lodges of...
• Section 3921.38 - Review Of Superintendent's Decisions And Findings.
  All decisions and findings of the superintendent of insurance made under the provisions of this chapter are subject to review by the proper proceedings...
• Section 3921.39 - [Repealed].
  Effective Date: 01-01-1997
• Section 3921.40, 3921.41, 3921.42 - Amended And Renumbered Rc 3921.24, 3921.23, 3921.37.
  Effective Date: 01-01-1997
• Section 3921.43, 3921.44 - [Repealed].
  Effective Date: 01-01-1974
• Section 3921.45, 3921.46 - [Repealed].
  Effective Date: 01-01-1997
• Section 3921.99 - Penalty.
  (A) Whoever violates division (A) of section 3921.36 of the Revised Code or knowingly receives any compensation or commission by or in consequence of...

Last modified: October 10, 2016