Section 408:14 Fraternal Associations.
No corporation organized and doing business in its home state or country as a fraternal beneficiary corporation or association, but not entitled to a license to transact business as a fraternal beneficiary association in this state under the laws of this state, shall be licensed to transact business in this state as an assessment insurance company under the provisions of this chapter.
Source. 1895, 81:3. 1911, 27:1. PL 277:35. RL 327:14.