Section 21
Section 21
A mutual benefit society shall not be entitled to registration under section 7 if the rules of such mutual benefit society provide for two thousand (a) a benefit exceeding
(a)
a benefit exceeding six hundred dollars in any one case;
(b)
admission of a member on
(c)
admission of a member or subscriber not resident within the limits of the town in which such society proposes to carry on its business;
(b)
admission of a member or subscriber who is above the age of fifty-five years, unless that member is insuring another person who is not above the age of fifty-five years; or
(c)
admission of a member or unless the tables of contributions to be paid by the members of such mutual benefit society and its rules governing benefits payable to the members, custody, investment and periodical valuation of its goods, assets and liabilities certified by an actuary approved by the Minister are sent to the Registrar with the application for registration.
(2)
For the purpose of this section, "town" includes any village, municipality or city.