20-865. Qualifications for membership

A. A society shall specify all of the following:

1. Eligibility standards for each membership class. If the society provides benefits on the lives of children, the minimum age for adult membership shall be not less than fifteen years of age or more than twenty-one years of age.

2. Admission procedures for each membership class.

3. The rights and privileges of each membership class, except that only benefit members may vote on the management of the insurance affairs of the society.

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

C. Membership rights in the society are not assignable.

20-865. Qualifications for membership

A. A society shall specify all of the following:

1. Eligibility standards for each membership class. If the society provides benefits on the lives of children, the minimum age for adult membership shall be not less than fifteen years of age or more than twenty-one years of age.

2. Admission procedures for each membership class.

3. The rights and privileges of each membership class, except that only benefit members may vote on the management of the insurance affairs of the society.

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

C. Membership rights in the society are not assignable.