Individual (voting) Membership  dues shall be One Hundred and Fifty dollars ($150.00) per two year, per member unless changed by the members.

Dues shall be payable biennially with the first renewal on January 1st of even years and shall be paid within 30 days of statement date unless such period is lengthened by the membership.

Supervising (voting) Membership dues shall be Four Hundred Dollars ($400.00) per two year, per member unless changed by the members.

Dues shall be payable biennially with the first renewal on January 1st of even years and shall be paid within 30 days of statement date unless such period is lengthened by the membership.

Associate (non-voting) Membership shall be Fifty Dollars ($50.00) per two year per person.

Dues shall be payable biennially with the first renewal on January 1st of even years and shall be paid within 30 days of statement date unless such period is lengthened by the membership.

“Supervising Agency” shall be defined as an insurer or an employee, person, or agency that is an indemnifying agent or other entity that owns or controls a Build-Up-Fund, a record of which is on file with the Indiana Department of Insurance, and that supervises, manages and/or oversees one or more sub-agent(s) that report directly to that agent, agency, insured, employee or person.