reglab/housing_qa huggingface dataset:
NY Ins L § 4505 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4505 - Insurance Benefits Authorized.

§ 4505. Insurance benefits authorized.  (a) Any authorized society may obligate  itself  for  the payment of only insurance benefits defined in subsections (h) through (p) of section four thousand five hundred one of this article, except that no benefits  may  be  provided  through  group insurance. Any benefit defined in subsections (h) through (q) of section four thousand five hundred one or paragraphs one and three of subsection (a)  of section four thousand five hundred twenty-seven of this article, or any one or more of such benefits, may be  provided  in  the  same  or separate  certificates, or by rider, subject to the limitations provided for in section four thousand five hundred seven of this article.  (b) An authorized society shall specify in its  laws  or  rules  those persons  who  may receive benefits or be covered by benefits through the society,  consistent  with  providing  benefits  to  members  and  their dependents.      Nothing  herein  shall  alter  the  insurable  interest requirements of section three thousand two hundred five of this chapter.  (c)   No authorized  society  shall  undertake  to  pay  a  total  and permanent  disability benefit on any life in excess of two hundred fifty dollars per month exclusive  of  waived  premiums,  nor  for  disability occurring  after  age  sixty  except that a society may undertake to pay benefits for disability occurring at any age, in an amount not exceeding the reserve under the life insurance certificate or one-half the  amount of  such  certificate,  whichever  is  greater,  if  the payment of such benefits is conditioned  upon  the  surrender  of,  or  a  proportionate reduction of the amount of, such certificate.  (d)  Notwithstanding the foregoing provisions, no policy of industrial life insurance shall be delivered or issued for delivery in this state.
NY Ins L § 4506 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4506 - Classes of Membership.

§  4506.  Classes  of  membership.  An authorized society may admit to   membership two classes of members: insurance members and social  members   by  whatever  name known. Social members shall not be entitled to any of   the benefits prescribed by section four thousand five  hundred  five  of   this  article,  and shall have no voice or vote in the management of the   insurance affairs of the society, except that they shall be eligible  to   be  elected  as  officers  and  as  representatives of insurance members   unless  such  eligibility  is  prohibited  by  the  society's   by-laws.   Insurance members may be either adult members or juvenile members.
NY Ins L § 4507 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4507 - Juvenile Members.

§ 4507. Juvenile members. (a) An authorized society may admit to adult insurance  membership  any  person not less than fifteen years of age at nearest birthday. Any person so admitted prior to attaining the full age of eighteen years  shall  be  deemed  competent  to  contract  for  life insurance benefits, and to exercise and enjoy every right, privilege and benefit  provided  by any life insurance certificate on the life of such minor subject to the limitations contained in section four thousand five hundred eight of this article as to the designation of beneficiary.  (b) Any such society may provide in its constitution  or  by-laws  for the  admission,  as  juvenile  insurance  members, of children less than eighteen years of age at nearest birthday. They shall have no  voice  or vote  in  the  management  of the insurance affairs of the society. Life insurance benefits may be  made  payable  upon  the  lives  of  juvenile members,  upon  the application of some adult person, in accordance with the by-laws, rules or regulations of such society, and in amounts  which shall  not  exceed  the  limits  specified in section three thousand two hundred seven of this chapter.  (c) Juvenile members insured under  certificates  issued  pursuant  to this  section, if eligible for adult membership, shall be transferred to and become members of the adult branch of the society upon attaining the minimum age for adult membership under the laws  of  the  society.  Upon such transfers made pursuant hereto, the mortuary reserve funds accruing against  such  certificates  and an equitable share of any surplus funds pertaining thereto shall likewise be transferred to the  adult  mortuary fund.  (d)  Any  such  society  may  provide  in  its  by-laws  that mortuary payments,  meaning  that  portion  of  contributions  allocated  to  the mortuary  fund  and to reserves on outstanding contracts, received under new certificates issued on or  after  January  first,  nineteen  hundred thirty-nine, covering the lives of juvenile members, may be mingled with the  mortuary  or reserve funds held on classes of adult certificates on which adequate reserves are maintained not lower than those required  by the  minimum standards of valuation prescribed by this article for adult certificates  issued  on  or  after  January  first,  nineteen   hundred thirty-nine.  Except  as hereinbefore provided, every such society shall maintain the mortuary and reserve funds on insurance  on  the  lives  of juvenile  members and the accretions thereto, separate and distinct from all other funds of the society, and the same shall be held  as  a  trust fund  available  exclusively  for  the  payment  of  benefits under such contracts.  (e) Any such society  insuring  the  lives  of  juvenile  members  may provide  in its by-laws, rules and regulations for payment on account of the society's juvenile expense fund,  and  that  such  payments  may  be mingled with the general expense funds of the society.
NY Ins L § 4508 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4508 - Beneficiaries.

§ 4508. Beneficiaries. (a) The adult 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  authorized  society  unless the  owner  waives this right by specifically requesting in writing that the beneficiary designations be irrevocable. Subject to the requirements and limitations of section three  thousand  two  hundred  five  of  this chapter, an authorized 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.  Nothing  herein shall  prohibit  the  owner  of  a  certificate  from making an absolute assignment of the certificate.  (b) The beneficiaries under contracts of insurance  on  the  lives  of children  may  be  designated  by  the  adult  person authorized to make application  for  such  insurance.  Unless  otherwise  provided  by  the constitution  or  by-laws  or the insurance certificate, any such member may, on or after attaining the age of sixteen  years,  change  any  such designation.  (c)  An  authorized society may make provision in its contract for the payment of life insurance or accidental death benefits to such person or persons as may  be  equitably  entitled  thereto  by  reason  of  having incurred  reasonable  expense  occasioned  by  the  maintenance, medical attention or burial of the member, provided the amount so paid shall not exceed five thousand dollars.  (d) 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 proceeds, 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.  Notwithstanding  any  other  provision  of  this chapter to the contrary, any insured member of an authorized society may voluntarily  designate  the authorized society as the beneficiary of any insurance contract for  the  purpose  of  any  lawful  activity  of  the authorized society.
NY Ins L § 4513 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4513 - Annuity Certificates; Compliance With Rules and Regulations.

§  4513.  Annuity certificates; compliance with rules and regulations.   No certificate  or  other  evidence  of  any  annuity  contract  and  no   application  or  rider  or  endorsement for use in connection therewith,   shall be delivered or issued  for  delivery  in  this  state  unless  it   conforms  with  reasonable  rules  and  regulations  prescribed  by  the   superintendent. Pursuant to the foregoing the superintendent shall  have   power,  from  time to time to make, alter and supersede reasonable rules   and  regulations  prescribing  the  required,  optional  and  prohibited   provisions  in  such  contracts,  and  such  rules and regulations shall   conform, as far as practicable with  the  provisions  of  section  three   thousand two hundred nineteen of this chapter.
NY Ins L § 4516 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4516 - Annual Statement; Valuation Report; Power of Superintendent.

§  4516.  Annual statement; valuation report; power of superintendent. (a) Every authorized society shall make special  reports  in  compliance with  section three hundred eight of this chapter, shall file its annual statement in conformity with the requirements of section  three  hundred seven  of  this chapter, and on or before the first day of March of each year, shall file with the  superintendent  a  valuation  report  of  its insurance  certificates  or other insurance obligations in force at last year-end in form and content prescribed  by  the  superintendent.  Every authorized  alien  society shall also make and file the trusteed surplus statement required by section one thousand three hundred twelve of  this chapter.  (b)  The  superintendent  shall  annually  make  or  cause  to be made valuations  of  all  outstanding  certificates   and   other   insurance obligations of every domestic society, in accordance with the provisions of  this  article.  The superintendent may make such valuation, or cause the same to  be  made,  by  groups  of  certificates  using  approximate averages  for fractions of a year and otherwise. The superintendent may, in his discretion, make or cause to be made a similar valuation  of  the outstanding   certificates   and  other  insurance  obligations  of  any authorized foreign or alien society, or he may accept  in  lieu  thereof the  valuation made or accepted by the insurance department or insurance supervisory official of the state, province or  country  in  which  such society is domiciled.  (c)  Every  domestic  society,  if  it  has an official publication or newspaper, shall publish therein a synopsis of its annual statement  and valuation  report  within sixty days after the same have been filed with the superintendent.  (d) Every authorized society shall  submit  such  reports  as  may  be required  by the superintendent to demonstrate the activity of its lodge system,  its  expenditures  for  altruistic,   educational,   fraternal, patriotic  or  recreational  purposes  and other expenses of maintaining fraternal character.  (e) The superintendent is authorized to engage outside  resources  and take  such  other  actions  he or she deems necessary and appropriate to ensure compliance with the requirements of this article and  to  provide assistance to and oversight of authorized societies.
NY Ins L § 4518 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4518 - Amounts Credited on Life Insurance Certificates.

§   4518.   Amounts  credited  on  life  insurance  certificates.  Any   individual life insurance certificate may provide that  in  addition  to   any  minimum  benefits guaranteed in the certificate, additional amounts   may be credited to the certificate. No such additional amounts shall  be   guaranteed   or  credited  except  upon  reasonable  assumptions  as  to   investment income, mortality, persistency and expenses. The  declaration   of  such  additional amounts by a society must be made prospectively; no   such additional amounts shall be credited retroactively to apply to  any   period  prior  to  such  declaration.  No  such  additional  amounts are   required to be credited to any certificate with respect  to  the  period   after  the termination or lapse of such certificate by reason of default   in payment of any premium, installment or interest  on  any  certificate   loan  and  before  the  reinstatement  of  such  certificate,  if  it is   reinstated. Any such additional amounts shall be  credited  on  a  basis   equitable to all certificate holders of a given class and shall be based   on written criteria approved by the board of directors of the society or   a committee thereof.
NY Ins L § 4520 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4520 - Non-Liability of Officers and Members.

§ 4520. Non-liability of officers and members. Officers and members of   the  supreme or any subordinate body of any authorized society shall not   be individually liable for the payment of any benefits provided  for  in   the  laws  and agreements of such society, but the same shall be payable   only out of the funds of such society and in the manner provided by  its   laws.
NY Ins L § 4521 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4521 - Grounds for Revocation or Suspension of License.

§   4521.  Grounds  for  revocation  or  suspension  of  license.  The superintendent may revoke or suspend the license to do business in  this state of any domestic, foreign or alien society, if, after notice to and hearing of such society in accordance with sections three hundred three, three  hundred four and three hundred five of this chapter, he finds any one or more of the following grounds therefor:  (a) that such society has exceeded its powers  under  its  charter  or under its license to do business;  (b)  that  such  society  has failed to comply with any requirement of this chapter applicable thereto;  (c)  that  such  society  is   conducting   its   insurance   business fraudulently  or in a way hazardous to its members, its creditors or the public;  (d) that such society is not carrying out its contracts in good faith; and  (e) in the case of a foreign or alien society, that the society is not conforming in substance to all of the requirements imposed  on  domestic societies,  and in such a case, the revocation may be in addition to, or in lieu of, a proceeding under article seventy-four of this  chapter  in the  circumstances  specified  in  section  four  thousand  five hundred nineteen of this article.
NY Ins L § 4523 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4523 - Soliciting Membership in Unauthorized Societies; Penalties.

§  4523.  Soliciting  membership in unauthorized societies; penalties. (a) Any person, firm, association or  corporation  who  or  which  shall solicit  a  member  or  members for, or in any way assist in procuring a member or members for, or collect payments or dues for or in  connection with  the  membership  of,  any  fraternal  benefit society which is not licensed to do business in this state and which is  not  exempted  under the  provisions of section four thousand five hundred twenty-two of this article shall be guilty of a misdemeanor, and in addition, such  person, firm,  association  or  corporation  shall be liable to a penalty of one hundred dollars for each person so solicited or so procured to become  a member  in  such  unauthorized society, and may in addition to either of the foregoing, be enjoined from doing any such  unlawful  acts,  in  the manner specified in section three hundred twenty-seven of this chapter.  (b)  The  provisions  of  subsection (a) hereof shall not apply to the conduct of a designated representative acting under the authority of  an unlicensed fraternal benefit society which was heretofore licensed to do business  in  this  state  and  has  obtained  a  certificate  from  the superintendent authorizing designated representatives to  act  for  such society  in  the  collection of payments or dues from members or perform any act incident to existing membership but not to  solicit  members  or assist  in procuring members. The application for such certificate shall be on such form or forms and supplements thereto, and shall contain such information,  as  the  superintendent  may  prescribe.  There  shall  be attached  to  such  forms  a statement by such society stating that such society has satisfied itself that the proposed designated representative is trustworthy and competent to act as  such  designated  representative and  that  the  society  will  appoint  him  to  act  as  its designated representative. Such statement shall be subscribed by an officer of such society and affirmed by such officer as  true  under  the  penalties  of perjury.    The   superintendent   may   revoke   the   superintendent's authorization of any designated representative after notice and  hearing and  on the grounds enumerated in subsection (a) of section two thousand one hundred ten of this chapter.
NY Ins L § 4524 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4524 - Exemption From Taxation.

§  4524.  Exemption from taxation. Every society organized or licensed   under this article 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.
NY Ins L § 4525 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4525 - Application of Other Provisions of This Chapter.

§  4525.  Application  of  other  provisions  of  this  chapter. Every authorized society shall be subject to the provisions  of  this  article but shall not be subject to other provisions of this chapter except:  (a) those specified in this article as applicable to such societies;  (b)   articles  one,  two,  three,  thirteen,  fourteen,  twenty-four, seventy-one and seventy-four;  (c) section one thousand one hundred one, subsections (a) and  (g)  of section  one thousand one hundred two, sections one thousand one hundred three, one thousand one hundred five, one thousand one hundred six,  one thousand  one hundred eight, one thousand one hundred twelve, paragraphs one, two and three of subsection (a) of section one thousand one hundred thirteen, sections one thousand  two  hundred  five,  one  thousand  two hundred  twelve,  one  thousand  two hundred seventeen, and one thousand three hundred twenty-two, subsections (a), (b), (d) and (e)  of  section two thousand one hundred one, subsection (a) of section two thousand one hundred  two,  subsection (a) and subsections (c) through (m) of section two thousand one hundred three, subsections (a) through (e)  of  section two  thousand one hundred nine, subsections (a), (b) and (d) through (f) of section two thousand one  hundred  ten,  sections  two  thousand  one hundred  twelve,  two thousand one hundred fourteen and two thousand one hundred sixteen, subsections (a),  (b),  (c)  and  (e)  through  (h)  of section  two  thousand one hundred seventeen, subsections (a) and (c) of section two thousand one  hundred  twenty,  sections  two  thousand  one hundred  twenty-two,  two  thousand  one  hundred  twenty-three, and two thousand one hundred twenty-four, subsection (b) of section two thousand three hundred seven, sections three thousand one  hundred  three,  three thousand  one  hundred  five,  three  thousand  one  hundred  six, three thousand one hundred ten, three thousand two hundred one, three thousand two hundred two, three thousand two hundred  five,  three  thousand  two hundred  seven,  three  thousand two hundred nine through three thousand two hundred twelve, three thousand two hundred fourteen,  four  thousand two  hundred  thirteen,  four  thousand  two  hundred  twenty-six,  four thousand two hundred forty-one, seven thousand three hundred one,  seven thousand three hundred three and seven thousand three hundred four; and  (d)  any other section which specifically applies to fraternal benefit societies.
NY Ins L § 4527 (2021)
2021 New York Laws ISC - Insurance Article 45 - Fraternal Benefit Societies 4527 - Optional Authority and Regulation.

§ 4527. Optional authority and regulation. (a) An authorized fraternal benefit  society subject to this article and meeting the requirements of this section may obligate  itself  for  the  payment  of  the  following benefits  in  addition to those authorized in section four thousand five hundred five of this article;  (1) Long term care benefits as defined in subsection  (q)  of  section four thousand five hundred one of this article.  (2)  Variable  life  insurance  benefits and variable annuity benefits issued  pursuant  to  separate  accounts  that  are  approved   by   the superintendent  and established in compliance with section four thousand two hundred forty of this chapter, except that item (vi)  of  subsection (a) of section four thousand two hundred forty of this chapter shall not apply to accounts established under this section.  (3)  Annuity  benefits  as  defined  in subsection (l) of section four thousand five hundred one of this chapter in amounts  exceeding  fifteen thousand dollars annually.  (4)  Disability income insurance benefits as defined in subsection (p) of section four thousand five hundred one of  this  article  in  amounts exceeding one thousand two hundred fifty dollars a month.  (b)  In  addition to other requirements of this article, an authorized fraternal benefit society obligating itself for the payment of  benefits described  in  this section shall, notwithstanding section four thousand five hundred twenty-five of this article or subsection  (g)  of  section two  thousand  one  hundred  three  and  subsection  (b)  of section two thousand one hundred thirty-two of this chapter, only retain  as  agents persons  who  are  licensed pursuant to section two thousand one hundred three of this chapter and who:  (1) take the personal written examination required by  subsection  (f) of section two thousand one hundred three of this chapter if seeking the original  issuance  of  a license under section two thousand one hundred three of this chapter  on  or  after  January  first,  nineteen  hundred ninety-seven; and  (2)  comply  with  the  provisions of section two thousand one hundred thirty-two of this chapter regarding agents continuing education for the biennial licensing period beginning on or after January first,  nineteen hundred ninety-eight.