INSURANCE 2175

death benefit provided for in the laws and agreements of such association,
but the same shall be payable only out of the funds of such association and
in the manner provided by its laws.

An. Code, 1924, sec. 166. 1922, ch. 492, sec. 163.

201. (Limitation Upon Power to Waive Provisions of Association's
Laws.) The constitution and laws of the association may provide that no
subordinate body nor any of its subordinate officers or members shall have
the power or authority to waive any of the provisions of the laws and con-
stitution of the association, and the same shall be binding on the associa-
tion and each and every member thereof, and on all beneficiaries of
members.

An. Code, 1924, sec. 167. 1922, ch. 492, sec. 164.

202. (Benefits Exempt from Execution.) No money or other benefit,
charity or relief or aid to be paid, provided or rendered by any such associa-
tion shall be liable to attachment, garnishment or other process, or be
seized, taken, appropriated or applied by any legal or equitable process
or operation of law to pay any debt or liability of a member or beneficiary
or any other person who may have a right thereunder, either before or
after payment.

As to exemptions from execution in general, see art. 83, sec. 8, et seq.

An. Code, 1924, sec. 168. 1922, ch. 492, sec. 165.

203. (Amendments to Constitution and Laws.) Every association trans-
acting business under this Article shall file with the Insurance Commis-
sioner a duly certified copy of all amendments of or additions to its constitu-
tion and laws within ninety days after the enactment of the same. Printed
copies of the constitution and laws as amended, changed or added to, cer-
tified by the secretary or corresponding officer of the association, shall be
prima facie evidence of the legal adoption thereof.

An. Code, 1924, see. 169. 1922, ch. 492, sec. 166.

204. (Annual Reports.) Every association transacting business in this
State shall annually, on or before the first day of March, file with the
Insurance Commissioner in such form as he may require a statement under
oath of its president and secretary or corresponding officers, of its condi-
tion and standing on the thirty-first day of December next preceding, and
of its transactions for the year ending on that date, and also shall furnish
such other information as the Commissioner may deem necessary to a
proper exhibit of its business and plan of working. The Commissioner
may at other times require any further statement he may deem necessary
to be made relating to such association.

An. Code, 1924, sec. 170. 1922, ch. 492, sec. 167.

205. (Valuation of Certificates.) In addition to the annual report herein
required, each association shall annually report to the Commissioner a
valuation of its certificates in force on December 31st last preceding, ex-
cluding those issued within the year for which the report is filed in cases
where the contributions for the first year in whole or in part are used for
current mortality and expenses. Such report of valuation shall show, as