41-3216 — BENEFITS
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TITLE 41
INSURANCE
CHAPTER 32
FRATERNAL BENEFIT SOCIETIES
41-3216. BENEFITS. (1) A society may provide the following contractual
benefits in any form:
(a) Death benefits;
(b) Endowment benefits;
(c) Annuity benefits;
(d) Temporary or permanent disability benefits;
(e) Hospital, medical or nursing benefits; and
(f) Monument or tombstone benefits to the memory of deceased members; and
(g) Such other benefits as authorized for life insurers and which are not
inconsistent with this chapter.
(2) A society shall specify in its rules those persons who may be issued,
or covered by, the contractual benefits in subsection (1) of this section,
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.