Preamble
"SEC. 1628. Mutual benefit, relief, and benevolent society or association defined.—Any society or association, whether incorporated or not, formed or organized for the purpose of paying sick benefits to members, or of furnishing support to members while out of employment, or of furnishing professional assistance to members, or of paying to relatives of deceased members a fixed or any sum of money, irrespective of whether such aim or purpose is carried out by means of fixed dues, assessments, or voluntary contributions, or of providing for any method of accident or life insurance among its members out of dues or assessments collected from the membership, and any society or association making either or any of such purposes incidental features of its organization on the basis of fixed dues or assessments specifically provided for to meet such incidental features, shall be known as mutual benefit, relief, and benevolent society or association within the purview of this article: Provided, however, That any business enterprise or undertaking the controlling interest of which belongs to a mutual benefit, relief, and benevolent society or association shall be subject to the same supervision and examination by the Insular Treasurer as prescribed in this article."