Volume 795, Page 1849 View pdf image |
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PARRIS N. GLENDENING, Governor Ch. 183 8-415. (a) (1) After receiving a preliminary certificate of authority from the (2) Until the society complies with the requirements of subsection (b) of this (i) incur any liability other than for the return of an advance premium; (ii) issue any certificate; or (iii) pay, allow, or offer or promise to pay or allow any death or (b) Each society shall: (1) secure bona fide applications for death benefits in an aggregate amount (2) receive from each applicant evidence of insurability satisfactory to the society; (3) have on file certificates of examination or acceptable declarations of (4) collect from each applicant the amount of at least one regular monthly (5) collect premiums as provided in item (4) of this subsection in an (6) establish at least ten subordinate lodges or branches into which the (7) submit to the Commissioner, under the oath of the president, secretary, (8) submit to the Commissioner, under oath of the treasurer or an (c) All advance premiums shall be held in trust during the period of organization - 1849 -
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Volume 795, Page 1849 View pdf image |
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