Okla. Stat. tit. 36 § 2706.1

Current through Laws 2024, c. 453.

Section 2706.1 - Laws or rules required

A. A society shall specify in its laws or rules:

1. Eligibility standards for each and every class of membership; provided, if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen (15) nor greater than age twenty-one (21);

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

3. The rights and privileges of each membership class;

provided, only benefit members shall have the right to vote on the management of the insurance affairs of the society.

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

C. Membership rights in the society are personal to the member and are not assignable.

Okla. Stat. tit. 36, § 2706.1

Added by Laws 1992, c. 76, § 6, eff. 1/1/1993.