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Insurance Code | |
Insurance Fraternals | |
Section 404 | Annual report to fraternal members. |
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31A-9-404. Annual report to fraternal members. (1) Every domestic fraternal shall send to each member having insurance or shall publish in the official publication under Subsection 31A-9-402(1), an abbreviated annual report. (2) This report shall contain: (a) basic financial and operating data; (b) information about important business and corporate developments; (c) other information the fraternal wishes to include; or (d) other information the commissioner by rule requires it to include to adequately inform its members. (3) The fraternal shall send a business mail reply form on which the member may request a more complete annual report. This complete annual report shall contain the information prescribed by rule under Subsection 31A-2-201(3).
Amended by Chapter 91, 1987 General Session |
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