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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 285.1. Definitions. Whenever used in this amendatory Act:
(a) “Benefit contract” shall mean the agreement for provision of benefits authorized by Section 297.1 of this amendatory Act as that agreement is described in Section 300.1 of this amendatory Act;
(b) “Benefit member” shall mean an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract;
(c) “Certificate” shall mean the document issued as written evidence of the benefit contract;
(d) “Premiums” shall mean premiums, rates, dues or other required contributions, by whatever name known, which are payable under the certificate;
(e) “Laws” shall mean the society's articles of incorporation, constitution and bylaws, however designated;
(f) “Life insurer” shall mean an insurance company authorized to transact in this State the insurance business classified as Class 1, Clause (a) or (b) in Section 4 of this Code;
(g) “Rules” shall mean all rules, regulations or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society;
(h) “Society” shall mean fraternal benefit society, unless otherwise indicated; and
(i) “Lodge” shall mean subordinate member units of the society, known as camps, courts, councils, branches or by any other designation.
Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance § 5/285.1. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-5-285-1/
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