reglab/housing_qa huggingface dataset:
18 DE Code § 6211. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter III. Governance|§ 6211. Amendments to laws.

§ 6211. Amendments to laws. (a) A domestic society may amend its laws in accordance with the provisions thereof by action of its supreme governing body at any regular or special meeting thereof or, if its laws so provide, by referendum. Such referendum may be held in accordance with the provisions of its laws by the vote of the voting members of the society, by the vote of delegates or representatives of voting members or by the vote of local lodges. A society may provide for voting by mail. No amendment submitted for adoption by referendum shall be adopted unless, within 6 months from the date of submission thereof, a majority of the members voting shall have signified their consent to such amendment by 1 of the methods herein specified. (b) No amendment to the laws of any domestic society shall take effect unless approved by the Commissioner, who shall approve such amendment if the Commissioner finds that it has been duly adopted and is not inconsistent with any requirement of the laws of this State or with the character, objects and purposes of the society. Unless the Commissioner shall disapprove any such amendment within 60 days after the filing of same, such amendment shall be considered approved. The approval or disapproval of the Commissioner shall be forwarded in writing and mailed to the secretary or corresponding officer of the society at its principal office. In case the Commissioner disapproves such amendment, the reasons therefor shall be stated in such written notice. (c) Within 90 days from the approval thereof by the Commissioner, all such amendments or a synopsis thereof shall be furnished to all members of the society either by mail or by publication in full in the official publication of the society. The affidavit of any officer of the society or of anyone authorized by it to mail any amendments or synopsis thereof, stating facts which show that same have been duly addressed and mailed, shall be prima facie evidence that such amendments or synopsis thereof have been furnished the addressee. (d) Every foreign or alien society authorized to do business in this State shall file with the Commissioner a duly certified copy of all amendments of or additions to its laws within 90 days after the enactment of same. (e) Printed copies of the laws, as amended, certified by the secretary or corresponding officer of the society shall be prima facie evidence of the legal adoption thereof. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6212. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter III. Governance|§ 6212. Institutions.

§ 6212. Institutions. (a) A society may create, maintain and operate or may establish organizations to operate not-for-profit institutions to further the purposes permitted by § 6205(a)(2) of this title. Such institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held or leased by the society for this purpose shall be reported in every annual statement but shall not be allowed as an admitted asset of such society. (b) No society shall own or operate funeral homes or undertaking establishments. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6213. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter III. Governance|§ 6213. Reinsurance.

§ 6213. Reinsurance. (a) A domestic society may, by a reinsurance agreement, cede any individual risk or risks in whole or in part to an insurer (other than another fraternal benefit society) having the power to make such reinsurance and authorized to do business in this State, or if not so authorized, one which is approved by the Commissioner, but no such society may reinsure substantially all of its insurance in force without the written permission of the Commissioner. It may take credit for the reserves on such ceded risks to the extent reinsured, but no credit shall be allowed as an admitted asset or as a deduction from liability to a ceding society for reinsurance made, ceded, renewed or otherwise becoming effective after January 1, 1997, unless the reinsurance is payable by the assuming insurer on the basis of the liability of the ceding society under the contract or contracts reinsured without diminution because of the insolvency of the ceding society. (b) Notwithstanding the limitation in subchapter I of this chapter, a society may reinsure the risks of another society in a consolidation or merger approved by the Commissioner under § 6214 of this title. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6215. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter III. Governance|§ 6215. Conversion of fraternal benefit society into a mutual life insurance company.

§ 6215. Conversion of fraternal benefit society into a 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 § 4905 of this title. A plan of conversion shall be prepared in writing by the board of directors setting forth in full the terms and conditions of conversion. The affirmative vote of 2/3 of all members of the supreme governing body at a regular or special meeting shall be necessary for the approval of such plan. No such conversion shall take effect unless and until approved by the Commissioner who may give such approval if the Commissioner finds that the proposed change is in conformity with the requirements of law and not prejudicial to the certificate holders of the society. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6216. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter IV. Contractual Benefits|§ 6216. Benefits.

§ 6216. Benefits. (a) A society may provide the following contractual benefits in any form:  (1) Death benefits; (2) Endowment benefits; (3) Annuity benefits; (4) Temporary or permanent disability benefits; (5) Hospital, medical or nursing benefits; (6) Monument or tombstone benefits to the memory of deceased members; and (7) Such other benefits as authorized for life insurers and which are not inconsistent with this chapter. (b) A society shall specify in its rules those persons who may be issued or covered by the contractual benefits in subsection (a) of this section, consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6217. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter IV. Contractual Benefits|§ 6217. Beneficiaries.

§ 6217. Beneficiaries. (a) The owner of a benefit contract shall have the right at all times to change the beneficiary or beneficiaries in accordance with the laws or rules of the society unless the owner waives this right by specifically requesting in writing that the beneficiary designation be irrevocable. A society may, through its laws or rules, limit the scope of beneficiary designations and shall provide that no revocable beneficiary shall have or obtain any vested interest in the proceeds of any certificate until the certificate has become due and payable in conformity with the provisions of the benefit contract. (b) A society may make provision for the payment of funeral benefits to the extent of such portion of any payment under a certificate as might reasonably appear to be due to any person equitably entitled thereto by reason of having incurred expense occasioned by the burial of the member, provided the portion so paid shall not exceed the sum of $500 dollars. (c) If, at the death of any person insured under a benefit contract, there is no lawful beneficiary to whom the proceeds shall be payable, the amount of such benefit, except to the extent that funeral benefits may be paid as hereinbefore provided, shall be payable to the personal representative of the deceased insured; provided, that if the owner of the certificate is other than the insured, such proceeds shall be payable to such owner. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6218. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter IV. Contractual Benefits|§ 6218. Benefits not attachable.

§ 6218. Benefits not attachable. 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 other process or to be seized, taken, appropriated or applied by any legal or equitable process or operation of law to pay any debt or liability of a member or beneficiary, or any other person who may have a right thereunder, either before or after payment by the society. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6220. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter IV. Contractual Benefits|§ 6220. Nonforfeiture benefits, cash surrender values, certificate loans and other options.

§ 6220. Nonforfeiture benefits, cash surrender values, certificate loans and other options. (a) For certificates issued prior to January 1, 1988, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall comply with the provisions of law applicable immediately prior to January 1, 1997. (b) For certificates issued on or after January 1, 1988, for which reserves are computed on the Commissioner's 1941 Standard Ordinary Mortality Table, the Commissioner's 1941 Standard Industrial Table or the Commissioner's 1958 Standard Ordinary Mortality Table or the Commissioner's 1980 Standard Mortality Table, or any more recent table made applicable to life insurers, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall not be less than the corresponding amount ascertained in accordance with the laws of this State applicable to life insurers issuing policies containing like benefits based upon such tables. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6221. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter V. Financial|§ 6221. Investments.

§ 6221. Investments. A society shall invest its funds only in such investments as are authorized by the laws of this State for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this State which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated shall be held to meet the requirements of this subchapter for the investment of funds. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6222. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter V. Financial|§ 6222. Funds.

§ 6222. Funds. (a) All assets shall be held, invested and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof, except as provided in the benefit contract. (b) A society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry out any purpose permitted by the laws of such society. (c) A society may, pursuant to resolution of its supreme governing body, establish and operate 1 or more separate accounts and issue contracts on a variable basis, subject to law regulating life insurers establishing such accounts and issuing such contracts. To the extent the society deems it necessary in order to comply with any applicable federal or state laws or any rules issued thereunder, the society may adopt special procedures for the conduct of the business and affairs of a separate account, may, for persons having beneficial interests therein, provide special voting and other rights, including, without limitation, special rights and procedures relating to investment policy, investment advisory services, selection of certified public accountants and selection of a committee to manage the business and affairs of the account and may issue contracts on a variable basis to which § 6219(b) and (d) of this title shall not apply. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6223. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter V. Financial|§ 6223. Exemptions; application of other code provisions.

§ 6223. Exemptions; application of other code provisions. (a) Except as herein provided, societies shall be governed by this chapter and shall be exempt from all other provisions of the insurance laws of this State, not only in governmental relations with this State, but for every other purpose. No law hereafter enacted shall apply to them, unless they be expressly designated therein. (b) Societies shall also be subject to §§ 505 to 509, inclusive, 523, 529, 530, 532, 1101, 1102, 1105, 1108 and 1127 to 1130, inclusive, of this title. 70 Del. Laws, c. 533, §  1;  80 Del. Laws, c. 117, §  2;
18 DE Code § 6224. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter V. Financial|§ 6224. Taxation.

§ 6224. Taxation. 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 exempt from all and every state, county, district, municipal and school tax other than taxes on real estate and office equipment. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6225. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter VI. Regulation|§ 6225. Valuation.

§ 6225. Valuation. (a) Standards of valuation for certificates issued prior to January 1, 1988, shall be those provided by the laws applicable immediately prior to January 1, 1997. (b) The minimum standards of valuation for certificates issued on or after January 1, 1988, shall be based on the following tables:  (1) For certificates of life insurance, the Commissioner's 1941 Standard Ordinary Mortality Table, the Commissioner's 1941 Standard Industrial Mortality Table, the Commissioner's 1958 Standard Ordinary Mortality Table, the Commissioner's 1980 Standard Ordinary Mortality Table or any more recent table made applicable to life insurers; and (2) For annuity and pure endowment certificates, for total and permanent disability benefits, for accidental death benefits and for noncancelable accident and health benefits, such tables as are authorized for use by life insurers in this State. All of the above shall be under valuation methods and standards (including interest assumptions) in accordance with the laws of this State applicable to life insurers issuing policies containing like benefits. (c) The Commissioner may, in his or her discretion, accept other standards for valuation if the Commissioner finds that the reserves produced thereby will not be less in the aggregate than reserves computed in accordance with the minimum valuation standard herein prescribed. The Commissioner may, in his or her discretion, vary the standards of mortality applicable to all benefit contracts on substandard lives or other extra hazardous lives by any society authorized to do business in this State. (d) Any society, with the consent of the Commissioner of Insurance of the state of domicile of the society and under such conditions, if any, which the Commissioner may impose, may establish and maintain reserves on its certificates in excess of the reserves required thereunder, but the contractual rights of any benefit member shall not be affected thereby. 70 Del. Laws, c. 533, §  1;  70 Del. Laws, c. 186, §  1;
18 DE Code § 6226. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter VI. Regulation|§ 6226. Reports.

§ 6226. Reports. Reports shall be filed in accordance with the provisions of this section. (1) Every society transacting business in this State shall annually, on or before March 1, unless for cause shown such time has been extended by the Commissioner, file with the Commissioner a true statement of its financial condition, transactions and affairs for the preceding calendar year and pay a fee of $25 for filing same. The statement shall be in the general form and context as approved by the National Association of Insurance Commissioners for fraternal benefit societies and as supplemented by additional information required by the Commissioner. (2) As part of the annual statement herein required, each society shall, on or before the 1st day of March, file with the Commissioner a valuation of its certificates in force on December 31 last preceding, provided the Commissioner may, in his or her discretion for cause shown, extend the time for filing such valuation for not more than 2 calendar months. Such valuation shall be done in accordance with the standards specified in § 6225 of this title. Such valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society. (3) A society neglecting to file the annual statement in the form and within the time provided by this section may be subject to a fine of $100 dollars for each day during which such neglect continues, and its authority to do business in this State may be suspended by the Commissioner while such default continues.70 Del. Laws, c. 533, §  1;  70 Del. Laws, c. 186, §  1;
18 DE Code § 6227. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter VI. Regulation|§ 6227. Annual license.

§ 6227. Annual license. Societies which are now authorized to transact business in this State may continue such business until April 1, 1997. The authority of such societies and all societies hereafter licensed may thereafter be renewed annually, but in all cases to terminate on the next succeeding April 1. However, a license so issued shall continue in full force and effect until the new license is issued or specifically refused. For each such license or renewal, the society shall pay the Commissioner $25. A duly certified copy or duplicate of such license shall be prima facie evidence that the licensee is a fraternal benefit society within the meaning of this chapter. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6228. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter VI. Regulation|§ 6228. Examination of societies; no adverse publications.

§ 6228. Examination of societies; no adverse publications. (a) The Commissioner, or any person he or she may appoint, may examine any domestic, foreign or alien society transacting or applying for admission to transact business in this State in the same manner as authorized for examination of domestic, foreign or alien insurers. Requirements of notice and an opportunity to respond before findings are made public, as provided in the laws regulating insurers, shall also be applicable to the examination of societies. (b) The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued, upon statements furnished by the Commissioner. 70 Del. Laws, c. 533, §  1;  70 Del. Laws, c. 186, §  1;
18 DE Code § 6229. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter VI. Regulation|§ 6229. Foreign or alien society — Admission.

§ 6229. Foreign or alien society — Admission. No foreign or alien society shall transact business in this State without a license issued by the Commissioner. Any such society desiring admission to this State shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. Any such society may be licensed to transact business in this State upon filing with the Commissioner:  (1) A duly certified copy of its chapters of incorporation; (2) A copy of its bylaws, certified by its secretary or corresponding officer; (3) A power of attorney to the Commissioner as prescribed in § 6235 of this title; (4) A statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the Commissioner, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province or country, satisfactory to the Commissioner; (5) Certification from the proper official of its home state, territory, province or country that the society is legally incorporated and licensed to transact business therein; (6) Copies of its certificate forms; and (7) Such other information as the Commissioner may deem necessary; upon a showing that its assets are invested in accordance with the provisions of this chapter. 70 Del. Laws, c. 533, §  1;
18 DE Code § 6230. (2021)
2021 Delaware Code|Title 18 - Insurance Code|Chapter 62. Fraternal Benefit Societies|Subchapter VI. Regulation|§ 6230. Injunction — Liquidation — Receivership of domestic society.

§ 6230. Injunction — Liquidation — Receivership of domestic society. (a) When the Commissioner, upon investigation, finds that a domestic society has exceeded its powers, has failed to comply with any provision of this chapter, is not fulfilling its contracts in good faith, has a membership of less than 400 after an existence of 1 year or more or is conducting business fraudulently or in a manner hazardous to its members, creditors or the public, the Commissioner shall notify the society of such deficiency or deficiencies and state in writing the reasons for his or her dissatisfaction. The Commissioner shall simultaneously issue a written notice to the society requiring that the deficiency or deficiencies which exist be corrected. After such notice, the society shall have a 30-day period in which to comply with the Commissioner's request for correction, and if the society fails to comply, the Commissioner shall take such action as is necessary and appropriate under Chapter 59 of this title. (b) The Commissioner may take such action as is necessary and appropriate under this section with respect to domestic society which shall voluntarily determine to discontinue business. 70 Del. Laws, c. 533, §  1;  70 Del. Laws, c. 186, §  1;