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Nevada Revised Statutes Title 57. Insurance § 695A.010. “Fraternal benefit society” defined

Current as of January 01, 2025 | Updated by Findlaw Staff

“Fraternal benefit society” means any incorporated society, order or supreme lodge, without capital stock, including one exempted under the provisions of paragraph (b) of subsection 1 of NRS 695A.570 whether incorporated or not, which:

1. Is conducted solely for the benefit of its members and their beneficiaries and not for profit;

2. Operates on a lodge system with ritualistic form of work;

3. Has a representative form of government; and

4. Provides benefits in accordance with this chapter.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 695A.010. “Fraternal benefit society” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-695a-010/

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