Mutual Aid v. Williams

Appellant, Mutual Aid, is a fraternal benefit society incorporated under the laws of this State in 1898, which charter was subsequently amended in 1901 and 1943. Under the charter it was clothed with the authority to issue fraternal benefit life insurance certificates.

After obtaining its charter, the society became an active fraternal lodge with many chapters and in addition to other fraternal activities, the society issued fraternal benefit life insurance certificates and managed the funds derived from the premiums charged.

On June 16, 1962, the grand chapter of the society at its regular…