California Insurance Code ARTICLE 4 - Benefits

• Section 11040.
  All benefits provided for in the laws and agreements of a society shall be payable only out of its funds in accordance with its laws....
• Section 11041.
  An admitted society may, by the issuance of certificates, provide for payment to its members of insurance benefits contained within the following classes:(a) All forms of...
• Section 11042.
  A society may provide for benefits on the lives of children under 21 years of age and under the minimum age for adult membership under...
• Section 11043.
  A society may grant nonforfeiture benefits, cash surrender values, certificate loans, and other options as its laws may permit.In the case of certificates issued after...
• Section 11044.
  No beneficiary shall have or obtain any vested interest in the proceeds of any certificate until the certificate has become due and payable in conformity...

Last modified: October 22, 2018