Oklahoma § 36-2738.1 - Exemption of certain societies

§ 36-2738.1. Exemption of certain societies

A. Nothing contained in this article shall be so construed as

to affect or apply to:

1. Grand or subordinate lodges of societies, orders or

associations now doing business in this state which provide benefits

exclusively through local or subordinate lodges;

2. Orders, societies or associations which admit to membership

only persons engaged in one or more crafts or hazardous occupations,

in the same or similar lines of business, insuring only their own

members and their families, and the ladies' societies or ladies'

auxiliaries to such orders, societies or associations;

3. Domestic societies which limit their membership to employees

of a particular city or town, designated firm, business house or

corporation which provide for a death benefit of not more than Four

Hundred Dollars ($400.00) or disability benefits of not more than

Three Hundred Fifty Dollars ($350.00) to any person in any one (1)

year, or both; or

4. Domestic societies or associations of a purely religious,

charitable or benevolent description, which provide for a death

benefit of not more than Four Hundred Dollars ($400.00) or for

Oklahoma Statutes - Title 36. Insurance

disability benefits of not more than Three Hundred Fifty Dollars

($350.00) to any one person in any one (1) year, or both.

B. Any such society or association described in paragraph 3 or

paragraph 4 of subsection A of this section which provides for death

or disability benefits for which benefit certificates are issued,

and any such society or association included in subsection D of this

section which has more than one thousand members, shall not be

exempted from the provisions of this article but shall comply with

all requirements thereof.

C. No society which, by the provisions of this section, is

exempt from the requirements of this article, except any society

described in paragraph 2 of subsection A of this section, shall give

or allow or promise to give or allow to any person any compensation

for procuring new members.

D. Every society which provides for benefits in case of death

or disability resulting solely from accident, and which does not

obligate itself to pay natural death or sick benefits shall have all

of the privileges and be subject to all the applicable provisions

and regulations of this article; provided, however, the provisions

thereof relating to medical examination, valuations of benefit

certificates, and incontestability, shall not apply to such society.

E. The Insurance Commissioner may require from any society or

association, by examination or otherwise, such information as will

enable the Commissioner to determine whether such society or

association is exempt from the provisions of this article.

F. Societies, exempted under the provisions of this section,

shall also be exempt from all other provisions of the insurance laws

of this state.

Added by Laws 1992, c. 76, § 38, eff. Jan. 1, 1993.