reglab/housing_qa huggingface dataset:
KS Stat § 40-606 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 6 - Mutual Assessment Life Associations|40-606 Suspension of business and reinsurance.

40-606. Suspension of business and reinsurance. Any mutual assessment life association may suspend business and reinsure its outstanding certificates or policies as provided by section 40-505 of this code.History: L. 1927, ch. 231, 40-606; June 1.
KS Stat § 40-607 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 6 - Mutual Assessment Life Associations|40-607 Regulations and restrictions of foreign mutual assessment life associations.

40-607. Regulations and restrictions of foreign mutual assessment life associations. Foreign mutual assessment life associations shall be admitted to this state upon complying with the requirements of section 40-209, provided such associations are required by the laws of the states of their domicile to, or they do voluntarily, maintain the reserves, segregate the same and value their policies in accordance with the provisions of section 40-608. Such foreign mutual assessment life associations shall file with the commissioner of insurance, a certificate showing that such association has on deposit with a state official of its home state, approved securities in the sum of at least two hundred thousand dollars, or shall make such deposit with the commissioner of insurance of this state.History: L. 1927, ch. 231, 40-607; June 1.
KS Stat § 40-609 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 6 - Mutual Assessment Life Associations|40-609 Act not to apply to certain associations.

40-609. Act not to apply to certain associations. This article shall not apply to any association of religious or secret societies now existing or under the supervision of a grand or supreme lodge, nor to any class of mechanics, express, telegraph or railroad employees formed for the mututal benefit of the members thereof and their families, exclusively.History: L. 1927, ch. 231, 40-609; June 1.
KS Stat § 40-738 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-738 Definitions.

40-738. Definitions. Any incorporated society, order or supreme lodge, without capital stock, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this act, is hereby declared to be a fraternal benefit society.History: L. 1988, ch. 154, § 1; Jan. 1, 1989.
KS Stat § 40-739 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-739 Operation on lodge system; subordinate lodges required to hold regular meetings; lodges for children.

40-739. Operation on lodge system; subordinate lodges required to hold regular meetings; lodges for children. (a) A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated or admitted in accordance with its laws, rules and ritual. Subordinate lodges shall be required by the laws of the society to hold regular meetings at least once in each month in furtherance of the purposes of the society.(b) A society may, at its option, organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges shall not be required of such children, nor shall they have a voice or vote in the management of the society.History: L. 1988, ch. 154, § 2; Jan. 1, 1989.
KS Stat § 40-740 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-740 Representative form of government; election and voting criteria.

40-740. Representative form of government; election and voting criteria. A society has a representative form of government when:(a) It has a supreme governing body constituted in one of the following ways:(1) Assembly. The supreme governing body is an assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as may be prescribed in the society's laws. A society may provide for election of delegates by mail. The elected delegates shall constitute a majority in number and shall not have less than 2/3 of the votes and not less than the number of votes required to amend the society's laws. The assembly shall be elected and shall meet at least once every four years and shall elect a board of directors to conduct the business of the society between meetings of the assembly. Vacancies on the board of directors between elections may be filled in the manner prescribed by the society's laws.(2) Direct election. The supreme governing body is a board composed of persons elected by the members, either directly or by their representatives in intermediate assemblies, and any other persons prescribed in the society's laws. A society may provide for election of the board by mail. Each term of a board member shall not exceed four years. Vacancies on the board between elections may be filled in the manner prescribed by the society's laws. Those persons elected to the board shall constitute a majority in number and not less than the number of votes required to amend the society's laws. A person filling the unexpired term of an elected board member shall be considered to be an elected member. The board shall meet at least quarterly to conduct the business of the society.(b) The officers of the society are elected by the supreme governing body or by the board of directors;(c) only benefit members are eligible for election to the supreme governing body, the board of directors or any intermediate assembly; and(d) each voting member shall have one vote. No vote may be cast by proxy.History: L. 1988, ch. 154, § 3; Jan. 1, 1989.
KS Stat § 40-741 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-741 Definitions.

40-741. Definitions. As used in this act:(a) "Agent" means an individual as defined in K.S.A. 40-239, and amendments thereto.(b) "Benefit contract" means the agreement for provision of benefits authorized by subsection (a) of K.S.A. 40-742, as that agreement is described in K.S.A. 40-749.(c) "Benefit member" means an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract.(d) "Certificate" means the document issued as written evidence of the benefit contract.(e) "Commissioner" means the commissioner of insurance of this state.(f) "Premiums" means premiums, rates, dues or other required contributions by whatever name known, which are payable under the certificate.(g) "Laws" means the society's articles of incorporation, constitution and bylaws, however designated.(h) "Rules" means all rules, regulations or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society.(i) "Society" means fraternal benefit society, unless otherwise indicated.(j) "Lodge" means subordinate member units of the society, known as camps, courts, councils, branches or by any other designation.History: L. 1988, ch. 154, § 4; Jan. 1, 1989.
KS Stat § 40-742 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-742 Operation for benefit of members; authorized insurance business and purposes; specification of persons who may be covered; adoption of laws and rules governing society's operation.

40-742. Operation for benefit of members; authorized insurance business and purposes; specification of persons who may be covered; adoption of laws and rules governing society's operation. (a) A society shall operate for the benefit of members and their beneficiaries by:(1) Providing the following benefits:(A) Death benefits;(B) endowment benefits;(C) annuity benefits;(D) temporary or permanent disability benefits;(E) hospital, medical or nursing benefits; and(F) such other benefits as authorized for life insurers and which are not inconsistent with this article;(2) operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic or religious purposes for the benefit of its members, which may also be extended to others.Such purposes may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations.(b) A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (a), 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.(c) Every society shall have the power to adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs. It shall have the power to change, alter, add to or amend such laws and rules and shall have such other powers as are necessary and incidental to carrying into effect the objects and purposes of the society.History: L. 1988, ch. 154, § 5; Jan. 1, 1989.
KS Stat § 40-743 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-743 Laws and rules; provisions relating to membership to be specified.

40-743. Laws and rules; provisions relating to membership to be specified. (a) A society shall specify in its laws or rules:(1) 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 age 15 and not greater than age 21;(2) the process for admission to membership for each membership class; and(3) 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.(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.History: L. 1988, ch. 154, § 6; Jan. 1, 1989.
KS Stat § 40-744 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-744 Location of principal office; supreme governing body, location of meetings, minutes of proceedings; official publication for notices; mailings; grievance or complaint procedures.

40-744. Location of principal office; supreme governing body, location of meetings, minutes of proceedings; official publication for notices; mailings; grievance or complaint procedures. (a) The principal office of any domestic society shall be located in this state. The meetings of its supreme governing body may be held in any state, district, province or territory wherein such society has at least one subordinate lodge, or in such other location as determined by the supreme governing body, and all business transacted at such meetings shall be as valid in all respects as if such meetings were held in this state. The minutes of the proceedings of the supreme governing body and of the board of directors shall be in the English language.(b) (1) A society may provide in its laws for an official publication in which any notice, report or statement required by law to be given to members, including notice of election, may be published. Such required reports, notices and statements shall be printed conspicuously in the publication. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member is deemed to be mailed to all members at the same address unless a member requests a separate copy.(2) Not later than June 1 of each year, a synopsis of the society's annual statement providing an explanation of the facts concerning the condition of the society thereby disclosed shall be printed and mailed to each benefit member of the society, or, in lieu thereof, such synopsis may be published in the society's official publication.(c) A society may provide in its laws or rules for grievance or complaint procedures for members.History: L. 1988, ch. 154, § 7; Jan. 1, 1989.
KS Stat § 40-746 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-746 Society's laws nonwaivable by subordinate bodies, officers or members.

40-746. Society's laws nonwaivable by subordinate bodies, officers or members. 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 to waive any of the provisions of the laws of the society. Such provision shall be binding on the society and every member and beneficiary of a member.History: L. 1988, ch. 154, § 9; Jan. 1, 1989.
KS Stat § 40-747 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-747 Beneficiary designations; payment of funeral benefits to persons incurring expense therefor; payment of proceeds when no lawful beneficiary.

40-747. Beneficiary designations; payment of funeral benefits to persons incurring expense therefor; payment of proceeds when no lawful beneficiary. (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 $1,500.(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 estate of the deceased insured the same as other property not exempt, provided that if the owner of the certificate is other than the insured, such proceeds shall be payable to such owner.History: L. 1988, ch. 154, § 10; Jan. 1, 1989.
KS Stat § 40-748 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-748 Benefits not subject to attachment, garnishment or process.

40-748. Benefits not subject to attachment, garnishment or process. 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.History: L. 1988, ch. 154, § 11; Jan. 1, 1989.
KS Stat § 40-750 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-750 Valuation of paid-up nonforfeiture benefits, cash surrender values and loan or other options.

40-750. Valuation of paid-up nonforfeiture benefits, cash surrender values and loan or other options. (a) For certificates issued prior to one year after the effective date of this act, 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 the effective date of this act.(b) For certificates issued on or after one year from the effective date of this act 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.History: L. 1988, ch. 154, § 13; Jan. 1, 1989.
KS Stat § 40-751 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-751 Investment of funds.

40-751. Investment of funds. 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 section for the investment of funds.History: L. 1988, ch. 154, § 14; Jan. 1, 1989.
KS Stat § 40-752 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-752 Holding of assets; creation of special funds; establishment of separate accounts; issuance of contracts on variable basis.

40-752. Holding of assets; creation of special funds; establishment of separate accounts; issuance of contracts on variable basis. (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 one or more separate accounts and issue contracts on a variable basis, subject to the provisions of 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 subsections (b) and (d) of K.S.A. 40-749 shall not apply.History: L. 1988, ch. 154, § 15; Jan. 1, 1989.
KS Stat § 40-753 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-753 Insurance laws application to societies.

40-753. Insurance laws application to societies. Except as herein provided, societies shall be governed by this act and shall be exempt from all other provisions of the insurance laws of this state unless they be expressly designated therein or unless it is specifically made applicable by this act.History: L. 1988, ch. 154, § 16; Jan. 1, 1989.
KS Stat § 40-754 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-754 Standards of valuation for certificates; mortality tables; maintenance of reserves in excess of those required.

40-754. Standards of valuation for certificates; mortality tables; maintenance of reserves in excess of those required. (a) Standards of valuation for certificates issued prior to one year after the effective date of this act shall be those provided by the laws applicable immediately prior to the effective date of this act.(b) The minimum standards of valuation for certificates issued on or after one year from the effective date of this article 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;(2) for annuity and pure endowment certificates, for total and permanent disability benefits, for accidental death benefits and for non-cancellable 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 of insurance may, in the exercise of discretion, accept other standards for valuation if it is found 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 of insurance may, in the exercise of 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.History: L. 1988, ch. 154, § 17; Jan. 1, 1989.
KS Stat § 40-755 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-755 Annual statement to include valuation of certificates in force; certification or verification of actuary.

40-755. Annual statement to include valuation of certificates in force; certification or verification of actuary. As part of the annual statement herein required, each society shall, on or before the first day of March, file with the commissioner of insurance a valuation of its certificates in force on December 31 last preceding, providing the commissioner of insurance may, in the exercise of discretion for cause shown, extend the time for filing such valuation for not more than two calendar months. Such valuation shall be done in accordance with the standards specified in K.S.A. 40-754. 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.History: L. 1988, ch. 154, § 18; L. 1997, ch. 24, § 2; July 1.
KS Stat § 40-756 (2021)
2021 Kansas Statutes|Chapter 40 - Insurance|Article 7 - Fraternal Benefit Societies|40-756 Licenses continued in force upon payment of fees; certified copy of license prima facie evidence licensee is society.

40-756. Licenses continued in force upon payment of fees; certified copy of license prima facie evidence licensee is society. Societies which are now authorized to transact business in this state, and all societies hereafter licensed, may continue such business as provided in K.S.A. 40-215, and amendments thereto, upon payment of the fee prescribed in K.S.A. 40-252, and amendments thereto. 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 act.History: L. 1988, ch. 154, § 19; Jan. 1, 1989.