3 115 Effect Of Rules Of Benevolent And Friendly Societies
Life Insurance Contracts In Canada © 1902
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CHAPTER XVIII.
EFFECT OF RULES OF BENEVOLENT AND FRIENDLY SOCIETIES.
Synopsis.
The rules of such societies relating to insurance contracts
must be supplied to members for 25 cents a copy. The Insurance
Registrar may direct amendments, in the direction of safety,
to be made to them, and when so amended and filed with him
they become binding on the members.
Beneficiaries under the certificates of such societies leading a
criminal life may be by rule deprived of insurance benefits, and
the insured may make a new designation.
The High Court in other cases may annul the benefit. These
provisions would include the case of divorce in Canada.
The rules of a benevolent society, if not contrary to law, gov-
ern in the case of the status of a member, and the amount to
which he or his beneficiary become entitled. Forfeiture and
change of beneficiary are, where the Ontario Insurance Act is
applicable, governed by that Act.
EFFECT OF RULES OF BENEVOLENT AND FRIENDLY SOCIETIES.
There are certain rights given to the insurer relative to the
change of beneficiary and apportionment.
In the case of a friendly society its rules form a contract
between the members and the corporation. Those rules may be
altered and amended by the society, and, if this is properly done,
the change binds the members, the beneficiary, and an assignee.
Sections 162, 163 and 160, s.-s. 3, 4 and 5, refer to this branch
of the subject, and are as follows:
2. Additional provisions, applicable to friendly societies
only.
162. The additional provisions contained in sections
163 to 165, inclusive, shall apply only to friendly societies
registered as such under this Act. 60 V., c. 36, s. 162.
