38.2-4105 - Qualifications for membership. - Virginia Statutes

§ 38.2-4105. Qualifications for membership.

A. A society shall specify in its laws or rules:

1. Eligibility standards for every class of membership, provided that ifbenefits are provided on the lives of children, the minimum age for adultmembership shall be set at not less than age fifteen and not greater than agetwenty-one;

2. The process for admission to membership for each membership class; and

3. The rights and privileges of each membership class, provided that onlybenefit members shall have the right to vote on the management of theinsurance affairs of the society.

B. A society may also admit social members who shall have no voice or vote inthe management of the insurance affairs of the society.

C. Membership rights in the society are personal to the member and are notassignable.

(Code 1950, §§ 38-286, 38-293, 38.1-602, 38.1-609; 1952, c. 317, §38.1-638.29; 1964, c. 355; 1968, c. 654; 1972, cc. 530, 825; 1986, c. 562.)