§432:2-201 - Qualifications for membership.

PART II.
MEMBERSHIP

§432:2-201 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 age fifteen
and not greater than age twenty-one;

(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 its insurance affairs.