ORS 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 provided on the lives of children, the minimum age for adult membership shall be set at not less than 15 years of age and not greater than 21 years of age;

(b)

The process for admission to membership for each membership class; and

(c)

The rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society.

(2)

A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society.

(3)

Membership rights in the society are personal to the member and are not assignable. [1987 c.490 §7]

Source: Section 748.123 — Membership; eligibility; admission process; privileges, https://www.­oregonlegislature.­gov/bills_laws/ors/ors748.­html.

748.103
Definitions 748.106
Description of fraternal benefit society 748.109
Conditions constituting “operating on a lodge system.” 748.112
Conditions constituting “representative form of government.” 748.121
Purposes, operation and powers 748.123
Membership 748.130
Principal office 748.133
Formation 748.136
Officers, governors, directors 748.139
Waiver of provisions by subordinate body 748.142
Amendment of society laws 748.144
Creation and operation of other organizations and entities 748.148
Consolidation and merger 748.171
Certificate of authority 748.174
Certificate of authority for foreign or alien society 748.177
Authorization as mutual life insurance company 748.181
Insurance producers 748.184
Reinsurance 748.201
Benefits 748.204
Beneficiaries 748.207
Benefits exempt from execution 748.211
Benefit contract 748.306
Authority for group benefit certificates 748.309
Group membership 748.312
Membership in lodges organized under ORS 748.309 748.316
Payments for group benefits 748.319
Group certificates issued by foreign or alien society or by domestic society in foreign or alien jurisdiction 748.322
Continuation of membership in society after cancellation, discontinuance or nonrenewal of group certificate 748.401
Value of benefit and amount of options 748.403
Standards of valuation for certificates 748.406
Financial statement 748.409
Assets of society 748.412
Investment of funds 748.414
Funds exempt from certain taxes 748.501
Examination 748.503
Investigation of society 748.506
Investigation of foreign or alien society 748.509
Validity of petition for injunction 748.601
Exemptions from chapter 748.603
Relationship to other insurance laws 748.605
Insurance against risk of loss under less than fully insured employee health benefit plan 748.990
Penalties
Green check means up to date. Up to date

Current through early 2024

§ 748.123’s source at oregon​.gov