Oregon Statutes - Chapter 748 - Fraternal Benefit Societies

• 748.010   [Amended by 1955 c.465 §7; 1967 c.359 §108; renumbered 731.562]
• 748.020   [Amended by 1955 c.465 §8; repealed by 1967 c.359 §704]
• 748.030   [Repealed by 1967 c.359 §704]
• 748.040   [Amended by 1955 c.465 §9; repealed by 1967 c.359 §704]
• 748.045   [1955 c.465 §4; repealed by 1967 c.359 §704]
• 748.050   [Repealed by 1955 c.465 §12]
• 748.055   [1955 c.465 §6; repealed by 1967 c.359 §704]
• 748.060   [Repealed by 1967 c.359 §704]
• 748.070   [Amended by 1955 c.465 §10; repealed by 1967 c.359 §704]
• 748.075   [1955 c.465 §3; repealed by 1967 c.359 §704]
• 748.080   [Repealed by 1955 c.465 §12]
• 748.084   [1955 c.465 §2; 1967 c.359 §94; renumbered 731.438]
• 748.086   [1955 c.465 §5; 1967 c.359 §572; renumbered 746.055]
• 748.090   [Amended by 1955 c.465 §11; repealed by 1967 c.359 §704]
• 748.103   Definitions.
  As used in this chapter: (1) “Benefit contract” means the agreement for provision of benefits authorized by ORS 748.201, as that agreement is described in...
• 748.105   [Formerly 740.010; repealed by 1987 c.490 §58]
• 748.106   Description of fraternal benefit society.
  Any corporation, society, order, supreme lodge or voluntary association, without capital stock, conducted solely for the benefit of its members and their beneficiaries and not-for-profit,...
• 748.109   Conditions constituting “operating on a lodge system.”
  (1) A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated...
• 748.110   [Formerly 740.020; repealed by 1987 c.490 §58]
• 748.112   Conditions constituting “representative form of government.”
  A society has a representative form of government when: (1) It has a supreme governing body constituted as: (a) An assembly composed of delegates elected...
• 748.115   [Formerly 740.030; repealed by 1987 c.490 §58]
• 748.120   [1967 c.359 §601; repealed by 1987 c.490 §58]
• 748.121   Purposes, operation and powers.
  (1) The purposes of a society, as specified in subsection (2) of this section, may be carried out directly by the society, or indirectly through...
• 748.123   Membership; eligibility; admission process; privileges.
  (1) A society shall specify in its laws or rules: (a) Eligibility standards for each and every class of membership, provided that, if benefits are...
• 748.125   [1987 c.490 §42; 1989 c.413 §18; repealed by 1991 c.182 §20]
• 748.130   Principal office; publications; annual statement synopsis; complaints.
  (1) The principal office of any domestic society shall be located in this state. The meetings of its supreme governing body may be held in...
• 748.133   Formation.
  A domestic society organized on or after January 1, 1988, shall be formed as follows: (1) Seven or more citizens of the United States, a...
• 748.135   [Formerly 740.090; repealed by 1987 c.490 §58]
• 748.136   Officers, governors, directors; exemption from liability; indemnification; insurance.
  (1) The officers and members of the supreme governing body or any subordinate body of a society shall not be personally liable for any benefits...
• 748.139   Waiver of provisions by subordinate body.
  The laws of the society may provide that no subordinate body, nor any of its subordinate officers or members shall have the power or authority...
• 748.140   [Formerly 740.100; repealed by 1987 c.490 §58]
• 748.142   Amendment of society laws.
  (1) A domestic society may amend its laws in accordance with the provisions thereof by action of its supreme governing body at any regular or...
• 748.144   Creation and operation of other organizations and entities.
  (1) A society may create, maintain and operate, or may establish organizations to operate, not-for-profit institutions to further the purposes permitted by ORS 748.121 (2)(b)....
• 748.145   [Formerly 740.110; repealed by 1987 c.490 §58]
• 748.148   Consolidation and merger.
  (1) A domestic society may consolidate or merge with any other society by complying with the provisions of this section. It shall file with the...
• 748.150   [Formerly 740.120; repealed by 1987 c.490 §58]
• 748.155   [Formerly 740.140; repealed by 1987 c.490 §58]
• 748.160   [Formerly 740.510; repealed by 1987 c.490 §58]
• 748.165   [Formerly 740.510; repealed by 1987 c.490 §58]
• 748.170   [1967 c.359 §609; repealed by 1987 c.490 §58]
• 748.171   Certificate of authority.
  (1) A fraternal benefit society must obtain and maintain a certificate of authority in the manner provided for insurers in the Insurance Code. (2) A...
• 748.174   Certificate of authority for foreign or alien society.
  No foreign or alien society shall transact business in this state without a certificate of authority issued by the Director of the Department of Consumer...
• 748.175   [1967 c.359 §610; repealed by 1987 c.490 §58]
• 748.177   Authorization as mutual life insurance company.
  Any domestic fraternal benefit society may be converted and authorized as a mutual life insurance company by compliance with all the requirements of the insurance...
• 748.181   Insurance producers; licensing.
  Insurance producers of societies shall be licensed in accordance with the provisions of ORS chapter 744 regulating the licensing, revocation, suspension or termination of license...
• 748.184   Reinsurance.
  (1) A domestic society may, by a reinsurance agreement, cede any individual risk or risks in whole or in part to an insurer, other than...
• 748.185   [Formerly 740.160; repealed by 1987 c.490 §58]
• 748.190   [1967 c.359 §612; repealed by 1987 c.490 §58]
• 748.201   Benefits.
  (1) A society may provide in any form the following contractual benefits: (a) Death benefits; (b) Endowment benefits; (c) Annuity benefits; (d) Temporary or permanent...
• 748.204   Beneficiaries.
  (1) The owner of a benefit contract shall have the right at all times to change the beneficiary or beneficiaries in accordance with the laws...
• 748.205   [1967 c.359 §613; repealed by 1987 c.490 §58]
• 748.207   Benefits exempt from execution.
  No money or other benefit, charity, relief or aid to be paid, provided or rendered by any society, shall be liable to attachment, garnishment or...
• 748.210   [1967 c.359 §614; repealed by 1987 c.490 §58]
• 748.211   Benefit contract; certificate.
  (1) Every society authorized to do business in this state shall issue to each owner of a benefit contract a certificate specifying the amount of...
• 748.215   [1967 c.359 §615; repealed by 1987 c.490 §58]
• 748.216   [Formerly 740.740; repealed by 1969 c.336 §21]
• 748.220   [1967 c.359 §616; repealed by 1987 c.490 §58]
• 748.225   [Formerly 740.640; repealed by 1987 c.490 §58]
• 748.230   [Formerly 740.200; repealed by 1987 c.490 §58]
• 748.235   [Formerly 740.650; repealed by 1987 c.490 §58]
• 748.240   [Formerly 740.660; repealed by 1987 c.490 §58]
• 748.305   [1967 c.359 §621; repealed by 1987 c.490 §58]
• 748.306   Authority for group benefit certificates.
  A fraternal benefit society may provide in its laws, in addition to other benefits provided, for the issuance of group benefit certificates if on the...
• 748.309   Group membership; lodges.
  (1) Group benefit certificates may provide for the payment of benefits in the event of the death, or death and disability, of: (a) Persons engaged...
• 748.310   [1967 c.359 §622; repealed by 1987 c.490 §58]
• 748.312   Membership in lodges organized under ORS 748.309.
  If provided in the laws of the society, other persons may become members of a lodge organized under ORS 748.309 subsequent to its organization and...
• 748.315   [1967 c.359 §623; repealed by 1987 c.490 §58]
• 748.316   Payments for group benefits.
  (1) The monthly or other payments to be made to the society on or for any group benefit certificate may be made by the employer,...
• 748.319   Group certificates issued by foreign or alien society or by domestic society in foreign or alien jurisdiction.
  (1) A group certificate, when issued in this state by any foreign or alien society, may contain, when issued, any provision required by the laws...
• 748.320   [1967 c.359 §624; repealed by 1987 c.490 §58]
• 748.322   Continuation of membership in society after cancellation, discontinuance or nonrenewal of group certificate.
  If any group certificate is canceled, discontinued or not renewed, or if any individual member of a group ceases to be a member of the...
• 748.325   [1967 c.359 §625; repealed by 1987 c.490 §58]
• 748.330   [1967 c.359 §626; repealed by 1987 c.490 §58]
• 748.335   [1967 c.359 §627; repealed by 1987 c.490 §58]
• 748.340   [1967 c.359 §628; repealed by 1987 c.490 §58]
• 748.345   [1967 c.359 §629; repealed by 1987 c.490 §58]
• 748.350   [1967 c.359 §630; repealed by 1987 c.490 §58]
• 748.355   [1967 c.359 §631; repealed by 1987 c.490 §58]
• 748.360   [1967 c.359 §632; repealed by 1987 c.490 §58]
• 748.365   [1967 c.359 §633; repealed by 1987 c.490 §58]
• 748.370   [1967 c.359 §634; repealed by 1987 c.490 §58]
• 748.375   [1967 c.359 §635; repealed by 1987 c.490 §58]
• 748.380   [1967 c.359 §636; repealed by 1987 c.490 §58]
• 748.401   Value of benefit and amount of options.
  (1) For certificates issued prior to January 1, 1989, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan...
• 748.403   Standards of valuation for certificates.
  (1) Standards of valuation for certificates issued prior to January 1, 1989, shall be those provided by the laws applicable immediately prior to January 1,...
• 748.405   [Formerly 740.810; repealed by 1987 c.490 §58]
• 748.406   Financial statement; filing; fee; valuation.
  (1) Every society transacting business in this state shall annually file with the Director of the Department of Consumer and Business Services on or before...
• 748.409   Assets of society; variable contracts.
  (1) All assets shall be held, invested and disbursed for the use and benefit of the society and no member or beneficiary shall have or...
• 748.410   [Formerly 740.820; repealed by 1987 c.490 §58]
• 748.412   Investment of funds.
  A society shall invest its funds only in investments that are authorized by the laws of this state for the investment of assets of life...
• 748.414   Funds exempt from certain taxes.
  Every society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be...
• 748.415   [Formerly 740.840; repealed by 1987 c.490 §58]
• 748.420   [Formerly 740.850; repealed by 1987 c.490 §58]
• 748.425   [Formerly 740.860; repealed by 1987 c.490 §58]
• 748.430   [1967 c.359 §642; repealed by 1987 c.490 §58]
• 748.501   Examination.
  (1) The Director of the Department of Consumer and Business Services, or any person the director may appoint, may examine any domestic, foreign or alien...
• 748.503   Investigation of society; notice of deficiencies; action by Attorney General; hearing.
  (1) The Director of the Department of Consumer and Business Services shall notify the society of any deficiency or deficiencies, and state in writing the...
• 748.505   [1967 c.359 §643; repealed by 1987 c.490 §58]
• 748.506   Investigation of foreign or alien society; notice of deficiencies; revocation or suspension of authority.
  (1) The Director of the Department of Consumer and Business Services shall notify the society of any deficiency or deficiencies, and state in writing the...
• 748.509   Validity of petition for injunction.
  No application or petition for injunction against any domestic, foreign or alien society, or lodge thereof, shall be recognized in any court of this state...
• 748.510   [1967 c.359 §644; repealed by 1987 c.490 §58]
• 748.515   [1967 c.359 §645; repealed by 1987 c.490 §58]
• 748.520   [1967 c.359 §646; 1981 c.609 §22; repealed by 1987 c.490 §58]
• 748.525   [1967 c.359 §647; repealed by 1987 c.490 §58]
• 748.530   [1967 c.359 §648; 1975 c.324 §1; repealed by 1987 c.490 §58]
• 748.535   [1967 c.359 §649; repealed by 1987 c.490 §58]
• 748.540   [1967 c.359 §650; repealed by 1987 c.490 §58]
• 748.545   [Formerly 740.080; repealed by 1987 c.490 §58]
• 748.550   [1967 c.359 §652; repealed by 1987 c.490 §58]
• 748.555   [1967 c.359 §653; 1971 c.231 §40; 1973 c.515 §4; 1973 c.613 §3a; 1975 c.338 §3; 1975 c.689 §3; 1979 c.708 §10; 1981 c.649 §21; 1987 c.411 §11; 1987 c.739 §4; 1987 c.838 §15; repealed by 1987 c.490 §58]
• 748.601   Exemptions from chapter.
  (1) Except as provided in subsection (2) of this section, nothing contained in this chapter shall be so construed as to affect or apply to:...
• 748.603   Relationship to other insurance laws.
  (1) Societies are governed by this chapter and are exempt from all other provisions of the insurance laws of this state unless expressly designated therein,...
• 748.605   Insurance against risk of loss under less than fully insured employee health benefit plan.
  Insurance issued or delivered by a fraternal benefit society against the risk of economic loss assumed under a less than fully insured employee health benefit...
• 748.990   Penalties.
  (1) Any person who willfully makes a false or fraudulent statement in or relating to an application for membership, or for the purpose of obtaining...

Last modified: August 7, 2008