Mass. Gen. Laws ch. 176 § 1
Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
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