§432:2-401 Benefits. (a) A society may provide the following contractual benefits in any form:
(1) Death benefits;
(2) Endowment benefits;
(3) Annuity benefits;
(4) Temporary or permanent disability benefits;
(5) Hospital, medical or nursing benefits;
(6) Monument or tombstone benefits to the memory of deceased members; and
(7) Such other benefits as authorized for life insurers and which are not inconsistent with this article.
(b) A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (a), consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person. [L 1987, c 347, pt of §2]
Section: Previous 432-2-204 432-2-301 432-2-302 432-2-303 432-2-304 432-2-305 432-2-306 432-2-401 432-2-402 432-2-403 432-2-404 432-2-404.5 432-2-405 432-2-406 432-2-410 NextLast modified: October 27, 2016