Iowa Admin. Code r. 191-8.4 - Membership
Each association shall have one or more groups or units consisting of not more than 1250 members per group or unit who may make voluntary contributions to the association for distribution to the beneficiary of a deceased member or to the members as contributions toward expenses incurred by accident or sickness.
(1)
If membership in the association is conditioned upon the payment of benefit
assessments levied against the members, such loss or cancellation of membership
shall take place only if a member, after being notified by mail of such
assessment, has failed to remit a contribution within 30 days from the date of
mailing of the benefit assessment notice. The association may thereafter serve
notice of cancellation of membership which shall provide that if all
delinquencies are not paid within 10 days after mailing of such notice, all
benefits of membership shall be fully terminated.
(2) Rescinded, effective April 20,
1983.
Notes
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