North Dakota Code 26.1-16-23 – Secretary of society to levy assessments – Notice to members – Distribution of proceeds of assessments
Upon approval of a claim arising from the death of a member, the secretary of the society, if the mortuary fund is insufficient to pay the claim, shall levy an assessment upon the membership in accordance with the provisions of the membership certificate of the deceased member. Notice of the assessment must be mailed to each member at the member’s last post-office address as given to the secretary. The notice must state:
Terms Used In North Dakota Code 26.1-16-23
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
1. The name and address of the deceased member.
2. The maximum benefit payable upon the member’s certificate.
3. The amount of the assessment.
4. The date upon which the assessment shall become delinquent.
Upon the expiration of the period within which payment of the assessment may be made and the further period specified in the notice of cancellation required under section 26.1-16-22, the secretary shall pay to the beneficiary of the deceased member the proceeds of the assessment in the secretary’s possession and available for that purpose.