36th General Convention - William Penn Life

The By-Laws
ARTICLE 25 - AUTHORITY
All matters not specifically covered in these By-Laws
shall be decided by a majority of a quorum of the Board,
and such decisions shall be final.
ARTICLE 26 - DEFINITIONS
1. Act: The Pennsylvania Fraternal Benefit Society Code of
1992, 40 P.S. 1142-101, et seq., as amended.
2. Advisors: Those officers and other appointees described
in Section 308.2 of these By-Laws, together with the
National Advisory Committee, and such persons, firms or
corporations engaged or retained by the Board or with
Board approval, to consult with and make recommendations
regarding decisions, actions or conduct with respect
to matters concerning the Association and its business.
3. Affiliate: Any entity owned or administered, in whole
or in part, directly or indirectly, by the Association or the
Branch.
4. Agency Manager: A person who represents the Association
exclusively and is in charge of a local office and the
supervision of Sales Agents under his or her jurisdiction.
5. Association: William Penn Association.
6. Benefit Certificate: The official printed document of the
Association evidencing the rights and responsibilities of
an insured or annuitant pursuant to a contract of insurance
or an annuity.
7. Board: The Board of Directors of the Association.
8. Branch: A separate but dependent local division or
lodge of the Association.
9. Branch Officers: Those officers elected by the Branches.
10. By-Laws: The By-Laws of the Association, as duly
amended from time to time.
11. Certificate of Life Membership: The official printed
document of the Association evidencing life, endowment
or annuity benefits written by the Association in favor of
the person named therein.
12. Charter: The Charter or Articles of Incorporation, as
amended, of the Association as filed with the Secretary of
the Commonwealth of Pennsylvania.
13. Directors: The National Directors of the Board.
14. District Office Employee: A person who is employed
in a sales office of the Association other than at the Home
Office.
15. General Convention: The highest legislative or
governing body of the Association, composed of both
Delegates elected as provided in these By-Laws and
certain ex-officio Delegates.
16. Home Office: The national headquarters of the
Association.
17. Insurable interest: An insurable interest in accordance
with applicable laws and regulations.
18. Life Benefit Member: One who is insured for life or
endowment benefits (but not under an annuity plan) by
the Association, as evidenced by one or more Certificate(s)
of Life Membership issued by the Association.
(a) Adult Life Benefit Member - any person admitted to
benefit membership who has attained the age of sixteen
(16) years or more, as specified in said member's
Certificate(s) of Life membership.
(b) Juvenile Life Benefit Member - any person admitted
to benefit membership who has not attained the age of
sixteen (16) years, as specified in said member's
Certificate(s) of Life Membership.
19. Lodge System: Any alliance, fellowship or society
having a structure or organization of a supreme legislative
body and subordinate lodges or branches, into which
members are elected, initiated or admitted in accordance
with its constitution, laws, rituals or rules; and which
subordinate lodges or branches are required by the laws of
the society or fellowship to hold regular meetings.
20. Member: A Member of the Association as determined
pursuant to Section 107 of the By-Laws.
21. National Officers: Those Officers elected by the Board.
22. Sales Agent: Any agent working under contract with
the Association, including the following:
(a) Full-Time Agent: an agent who sells exclusively for
the Association.
(b) General Agent: an agent who represents the Association
but may represent one or more additional insurance
carriers.
(c) Special Agent or Representative: an agent who sells
insurance or annuities exclusively for the Association but
who is free to engage in other occupations.
ARTICLE 27 - EFFECTIVE DATE
These By-Laws shall take effect and be in force upon
approval by the Insurance Commissioner of Pennsylvania
or sixty (60) days after filing.
The effective date of these By-Laws is November 8, 2007.
I, RICHARD W. TOTH, NATIONAL VICE PRESIDENT-
SECRETARY, DO HEREBY CERTIFY THAT THE FORE-
GOING BY-LAWS ARE A COMPLETE, TRUE AND
CORRECT COPY THEREOF AS AMENDED AND RE-
STATED FROM TIME TO TIME, THE BY-LAWS BEING
LAST RESTATED AND AMENDED BY THE 36TH
GENERAL CONVENTION ON SEPTEMBER 3, 4 AND 5,
2007.
46 William Penn Life, Special Convention Edition, December 2007