reglab/housing_qa huggingface dataset:
NM Stat § 59A-44-2 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-2 - Lodge system.

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: 1978 Comp., § 59A-44-2, enacted by Laws 1989, ch. 388, § 2. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 2, repealed 59A-44-2 NMSA 1978, as enacted by Laws 1984, ch. 127, § 787, relating to the definition of lodge system, and enacted a new section, effective January 1, 1990. Effect of admitting foreign corporations as fraternal benefit societies. — The state cannot admit foreign corporations as fraternal benefit societies and license them as such, and then convert them into old line insurance companies by determining that they have written some nonallowable classes of insurance. State ex rel. Biel v. Royal Neighbors of Am., 1939-NMSC-057, 44 N.M. 8, 96 P.2d 705. Am. Jur. 2d, A.L.R. and C.J.S. references. — 36 Am. Jur. 2d Fraternal Orders and Benefit Societies § 5. 10 C.J.S. Beneficial Associations § 7 et seq.
NM Stat § 59A-44-3 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-3 - Representative form of government.

A society has a representative form of government when: A. it has a supreme governing body constituted as: (1) 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 two-thirds 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; or (2) 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 shall 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 either 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 and no vote shall be cast by proxy. History: 1978 Comp., § 59A-44-3, enacted by Laws 1989, ch. 388, § 3. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 3, repealed 59A-44-3 NMSA 1978, as enacted by Laws 1984, ch. 127, § 788, relating to the definition of representative form of government, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-4 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-4 - Definitions.

As used in Chapter 59A, Article 44 NMSA 1978: A. "benefit contract" means the agreement as described in Subsection A of Section 59A-44-19 NMSA 1978; B. "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; C. "certificate" means a contract which sets forth the insurance benefits as authorized by Section 59A-44-16 NMSA 1978, to whom benefits are payable, the insuring provisions and the terms and conditions of the certificate; D. "law" means the society's articles of incorporation, constitution and bylaws, however designated; E. "lodge" means subordinate member units of the society, known as camps, courts, councils, branches or by any other designation; F. "premium" means premiums, rates, dues, certificate fees or other required contributions by whatever name known, which are payable under the certificate; G. "rule" 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; and H. "society" means a fraternal benefit society, unless otherwise indicated. History: 1978 Comp., § 59A-44-4, enacted by Laws 1989, ch. 388, § 4. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 4, repealed 59A-44-4 NMSA 1978, as enacted by Laws 1984, ch. 127, § 789, relating to organization, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-5 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-5 - Purposes and powers.

A. A society shall operate for the benefit of members and their beneficiaries by: (1) providing benefits as specified in Section 59A-44-16 NMSA 1978; and (2) lawfully 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 member dependents. Such purposes may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations. B. 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 other powers as are necessary and incidental to carrying into effect the objects and purposes of the society. History: 1978 Comp., § 59A-44-5, enacted by Laws 1989, ch. 388, § 5. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 5, repealed 59A-44-5 NMSA 1978, as enacted by Laws 1984, ch. 127, § 790, relating to retention of corporate powers, and enacted a new section, effective January 1, 1990. Am. Jur. 2d, A.L.R. and C.J.S. references. — 36 Am. Jur. 2d Fraternal Orders and Benefit Societies § 9.
NM Stat § 59A-44-6 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-6 - Qualifications for membership.

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 fifteen years and not greater than twenty-one years; (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 a member and are not assignable. History: 1978 Comp., § 59A-44-6, enacted by Laws 1989, ch. 388, § 6. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 6, repealed 59A-44-6 NMSA 1978, as enacted by Laws 1984, ch. 127, § 791, relating to incorporation of existing voluntary associations, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-7 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-7 - Location of office; meetings; communications to members; grievance 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. 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. 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. 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 grievance or complaint procedures for members. History: 1978 Comp., § 59A-44-7, enacted by Laws 1989, ch. 388, § 7. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 7, repealed 59A-44-7 NMSA 1978, as enacted by Laws 1984, ch. 127, § 792, relating to location of office and place of meeting, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-9 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-9 - Waiver.

The laws of the society may provide that no subordinate body or 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: 1978 Comp., § 59A-44-9, enacted by Laws 1989, ch. 388, § 9. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 9, repealed 59A-44-9 NMSA 1978, as enacted by Laws 1984, ch. 127, § 794, relating to conversion into mutual life insurance company, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-12 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-12 - 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 Paragraph (2) of Subsection A of Section 59A-44-5 NMSA 1978. 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 any establishments related to undertaking. History: 1978 Comp., § 59A-44-12, enacted by Laws 1989, ch. 388, § 12. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 12, repealed 59A-44-12 NMSA 1978, as enacted by Laws 1984, ch. 127, § 797, relating to institutions, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-13 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-13 - 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 to 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 superintendent, but no such society may reinsure substantially all of its insurance in force without the written permission of the superintendent. 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 the effective date of this act, 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 Subsection A of this section, a society may reinsure the risks of another society in a consolidation or merger approved by the superintendent under Section 59A-44-14 NMSA 1978. History: 1978 Comp., § 59A-44-13, enacted by Laws 1989, ch. 388, § 13. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 13, repealed 59A-44-13 NMSA 1978, as enacted by Laws 1984, ch. 127, § 798, relating to immunity from personal liability, and enacted a new section, effective January 1, 1990. Compiler's notes. — The phrase "effective date of this act", referred to in Subsection A, means January 1, 1990, the effective date of Laws 1989, ch. 388.
NM Stat § 59A-44-15 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-15 - Conversion of society into a mutual life insurance company.

Any society may be converted and licensed as a mutual or stock life insurance company by compliance with all the requirements of the general insurance laws pertaining to such life insurers. 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 two-thirds 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 superintendent who may give such approval if he finds that the proposed change is in conformity with the requirements of law and not prejudicial to the certificateholders of the society. History: 1978 Comp., § 59A-44-15, enacted by Laws 1989, ch. 388, § 15. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 15, repealed 59A-44-15 NMSA 1978, as enacted by Laws 1984, ch. 127, § 800, relating to benefits on lives of children, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-16 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-16 - Benefits.

A. A society authorized to do business in this state may provide the following contractual benefits in any form: (1) life insurance, endowment benefits and annuity benefits as defined in Section 59A-7-2 NMSA 1978; (2) health insurance benefits as defined in Section 59A-7-3 NMSA 1978; (3) monument or tombstone benefits to the memory of deceased members; and (4) such other benefits as authorized for life, accident and health insurers and which are not inconsistent with Chapter 59A, Article 44 NMSA 1978, as approved by the superintendent. 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 having an insurable interest as defined in Section 59A-18-4 NMSA 1978. History: 1978 Comp., § 59A-44-16, enacted by Laws 1989, ch. 388, § 16. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 16, repealed 59A-44-16 NMSA 1978, as enacted by Laws 1984, ch. 127, § 801, relating to nonforfeiture benefits, cash surrender values, certificate loans and other options, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-17 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-17 - Beneficiaries.

A. The owner of a certificate 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 certificate. 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 one thousand dollars ($1,000). C. If, at the death of any person insured under a certificate, 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, however, that if the owner of the certificate is other than the insured, such proceeds shall be payable to such owner. History: 1978 Comp., § 59A-44-17, enacted by Laws 1989, ch. 388, § 17. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 17, repealed 59A-44-17 NMSA 1978, as enacted by Laws 1984, ch. 127, § 802, relating to beneficiaries, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-18 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-18 - 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. History: 1978 Comp., § 59A-44-18, enacted by Laws 1989, ch. 388, § 18. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 18, repealed 59A-44-18 NMSA 1978, as enacted by Laws 1984, ch. 127, § 803, relating to nonattachability of benefits, and enacted a new section, effective January 1, 1990. Cross references. — For rules governing garnishment and writs of execution in the district, magistrate, and metropolitan courts, see Rules 1-065.1, 2-801, and 3-801 NMRA, respectively. For form for claim of exemptions on executions, see Rule 4-803 NMRA. For form for order on claim of exemption and order to pay in execution proceedings, see Rule 4-804 NMRA. For form for application for writ of garnishment and affidavit, see Rule 4-805 NMRA. For form for notice of right to claim exemptions from execution, see Rule 4-808A NMRA. For form for claim of exemption from garnishment, see Rule 4-809 NMRA.
NM Stat § 59A-44-20 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-20 - Nonforfeiture benefits; cash surrender values; certificate loans and 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, 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: 1978 Comp., § 59A-44-20, enacted by Laws 1989, ch. 388, § 20. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 20, repealed 59A-44-20 NMSA 1978, as enacted by Laws 1984, ch. 127, § 805, relating to life benefit certificate provisions, and enacted a new section, effective January 1, 1990. Compiler's notes. — The phrase "effective date of this act", referred to throughout this section, means January 1, 1990, the effective date of Laws 1989, ch. 388.
NM Stat § 59A-44-21 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-21 - Investments.

A society shall invest its funds only in such investments as are authorized by Chapter 59A, Article 9 NMSA 1978 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: 1978 Comp., § 59A-44-21, enacted by Laws 1989, ch. 388, § 21. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 21, repealed 59A-44-21 NMSA 1978, as enacted by Laws 1984, ch. 127, § 806, relating to accident and health insurance, and enacted a new section, effective January 1, 1990.