§ 36-2716.1. 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 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.

Added by Laws 1992, c. 76, § 16, eff. Jan. 1, 1993.