Members of mutual assessment associations which pay no commission, reward, or gratuity for the procuring of applications for membership, the income of which associations is derived solely from assessments, dues, and fees collected from its members for the sole purpose of meeting loss and expenses, shall not be deemed to be agents under any section of this chapter.
[C24, 27, 31, 35, 39, § 9005; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.126]
Referred to in § 511.4
Applicable to life companies, § 511.4
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