ARTICLE 1

MUTUALBENEFIT SOCIETIES

 

Cross References

 

Ā  Assessments of health insurers, see Ā§431:2-216.

 

PART I.Ā GENERAL PROVISIONS

 

Ā§432:1-101Ā  Scope; exemptions.Ā  Theprovisions of this article shall apply to mutual benefit societies as definedherein.Ā  Except as expressly provided in this article, mutual benefit societiesshall be exempt from the provisions of the insurance code.Ā  No law enactedafter July 1, 1988, shall apply to mutual benefit societies unless suchsocieties are expressly designated therein. [L 1987, c 347, pt of Ā§2]

 

Revision Note

 

Ā  "July 1, 1988," substituted for "the effectivedate of this article".

 

Attorney General Opinions

 

Ā  Based on provision, the requirement of Ā§431:10A-601 as setforth in Ā§4 of reciprocal beneficiaries act [L 1997, c 383] cannot beinterpreted to apply to mutual benefit societies.Ā  Att. Gen. Op. 97-5.

 

Case Notes

 

Ā  Section 431:15-102 creates an exception to the general ruleestablished by this section that mutual benefit societies are typically exemptfrom provision of the Insurance Code; thus, article 15 of chapter 431 appliesto mutual benefit societies.Ā  99 H. 53, 52 P.3d 823.