Home
Forms Library
All authorized life insurers, retirement systems, fraternal benefit societies and

All authorized life insurers, retirement systems, fraternal benefit societies and 2025

All authorized life insurers, retirement systems, fraternal benefit societies and Preview on Page 1

Show details

4.7 out of 5

32 votes

The document is a Circular Letter from the New York State Insurance Department addressing disaster planning, preparedness, and response for authorized life insurers, retirement systems, fraternal benefit societies, and employee welfare funds. It outlines the requirements for these entities to develop and submit Disaster Response Plans and Business Continuity Plans by June 1, 2011. The letter emphasizes the importance of coordination with the Insurance Emergency Operations Center (IEOC) during disasters and provides detailed guidelines on the roles and responsibilities of insurance company disaster liaisons before, during, and after a disaster.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The easiest way to modify All authorized life insurers, retirement systems, fraternal benefit societies and in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Handling documents with our feature-rich and intuitive PDF editor is straightforward. Follow the instructions below to fill out All authorized life insurers, retirement systems, fraternal benefit societies and online quickly and easily:

Sign in to your account. Sign up with your email and password or register a free account to test the product before choosing the subscription.
Upload a document. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit All authorized life insurers, retirement systems, fraternal benefit societies and. Easily add and highlight text, insert pictures, checkmarks, and symbols, drop new fillable areas, and rearrange or delete pages from your document.
Get the All authorized life insurers, retirement systems, fraternal benefit societies and accomplished. Download your modified document, export it to the cloud, print it from the editor, or share it with other people through a Shareable link or as an email attachment.

Take advantage of DocHub, the most straightforward editor to quickly handle your documentation online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a fraternal member?

The word fraternal is derived from the Latin word fraternalis which means of, or befitting a brother. Fraternalism and fraternal life insurance are founded upon the principle that every individual is his brothers keeper and that each of us has a responsibility to help each other.

What is a fraternal policy?

: insurance issued by a fraternal order or association to its members, formerly meeting its obligations by assessments upon members at the time obligations arose but now generally by a legal reserve.

What does fraternal mean in life insurance?

A fraternal benefit society is a membership organization that is legally required to offer life, health and related insurance products to its members, be not-for-profit, and carry out charitable and other programs for the benefit of its members and the public.

What were mutual benefit societies?

Before the creation of large insurance companies, mutual benefit societies offered modest risk protection. For low fees organizations like the GrecoSlavonic Brotherhood, formed in Chicago in 1885, sold policies offering benefits to families when an insured member died or was injured.

What are examples of fraternal benefit societies?

Fraternal benefit societies are based on religious, national, or ethnic lines. Any profits derived within the society are considered nontaxable. Two of the most well known examples of fraternals are the Shrine organization and the Elks organization.

Who owns a fraternal insurance company?

A Fraternal Benefit Society is a special form of insurance company, owned not by stockholders, but by the members (the insured). Most Fraternals share a common bond, such as ethnic origin, religion, occupation etc.

How do you qualify as a fraternal benefit society?

To be exempt under Internal Revenue Code (IRC) section 501(c)(8), a fraternal beneficiary society, order, or association must meet the following requirements: It must have a fraternal purpose. An organization has a fraternal purpose if membership is based on a common tie or the pursuit of a common object.

What does fraternal mean in insurance?

A fraternal insurance company is a not-for-profit, member-owned organization offering insurance as a primary benefit to its members. They are known for putting their members needs first and providing them with superior products, making them an appealing option to anyone looking into buying life insurance!

All authorized life insurers, retirement systems, fraternal benefit societies and 2025

Here's how it works