As used in N.M. Stat. Ann. Chapter 59A, Article 44:

Terms Used In New Mexico Statutes 59A-44-4

  • Contract: A legal written agreement that becomes binding when signed.

A. “benefit contract” means the agreement as described in Subsection A of section 59A-44-19 N.M. Stat. Ann.;

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 N.M. Stat. Ann., 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.

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