Mass. Gen. Laws ch. 176 § 1

Current through Chapter 231 of the 2024
Section 176:1 - Definitions

Any incorporated society, order or supreme lodge, without capital stock, conducted solely for the benefit of its members and their beneficiaries, and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which makes provision for the payment of benefits in accordance with this chapter, is hereby declared to be a fraternal benefit society.

When used in this chapter the following words shall have the following meanings, unless otherwise indicated:

"Society", fraternal benefit society.

"Commissioner", commissioner of insurance.

"Premiums", premiums, rates or other required contributions by whatever name known.

Mass. Gen. Laws ch. 176, § 1