An Act to adjust non-profit fraternal benefit societies' investment restrictions

This bill modifies investment rules for non-profit fraternal benefit societies in Massachusetts, which are organizations that provide insurance and financial services to their members. Specifically, it changes the limit on how much of their excess assets these groups can invest in certain types of securities from twenty-five percent down to ten percent. The primary effect is to restrict the portion of their portfolios that can be allocated to these specific investments, thereby tightening the regulatory constraints on their financial activities.