Section 59A-44-4 - Definitions.

NM Stat § 59A-44-4 (2019) (N/A)

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As used in Chapter 59A, Article 44 NMSA 1978:

A. "benefit contract" means the agreement as described in Subsection A of Section 59A-44-19 NMSA 1978;

B. "benefit member" means 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" means a contract which sets forth the insurance benefits as authorized by Section 59A-44-16 NMSA 1978, to whom benefits are payable, the insuring provisions and the terms and conditions of the certificate;

D. "law" means the society's articles of incorporation, constitution and bylaws, however designated;

E. "lodge" means subordinate member units of the society, known as camps, courts, councils, branches or by any other designation;

F. "premium" means premiums, rates, dues, certificate fees or other required contributions by whatever name known, which are payable under the certificate;

G. "rule" means 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; and

H. "society" means a fraternal benefit society, unless otherwise indicated.

History: 1978 Comp., § 59A-44-4, enacted by Laws 1989, ch. 388, § 4.

Repeals and reenactments. — Laws 1989, ch. 388, § 4, repealed 59A-44-4 NMSA 1978, as enacted by Laws 1984, ch. 127, § 789, relating to organization, and enacted a new section, effective January 1, 1990.

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Section 59A-44-3 - Representative form of government.

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Section 59A-44-5 - Purposes and powers.