§432:1-401 - Benefit funds.

PART IV. FINANCIAL AND REPORTING REQUIREMENTS

§432:1-401  Benefit funds.  Each societyshall at all times maintain:

(1)  In its death benefit fund, at least five timesthe maximum amount of death benefit offered or promised to be paid to any onemember, and

(2)  In its sick, disability or other benefit fund, atleast twenty times the maximum amount of sick, disability or other benefits,whichever maximum amount is greater, offered or promised to be paid to any onemember during or within a period of thirty days. [L 1987, c 347, pt of §2]