State Codes and Statutes
Statutes > North-carolina > Chapter_58 > GS_58-24-75§58‑24‑75. Benefits.
(a) A society mayprovide the following contractual benefits in any form:
(1) Death benefits;
(2) Endowment benefits;
(3) Annuity benefits;
(4) Temporary orpermanent disability benefits;
(5) Hospital, medical ornursing benefits;
(6) Monument ortombstone benefits to the memory of deceased members; and
(7) Such other benefitsas authorized for life insurers and which are not inconsistent with thisArticle.
(b) A society shallspecify in its rules those persons who may be issued, or covered by, thecontractual benefits in subsection (a), consistent with providing benefits tomembers and their dependents. A society may provide benefits on the lives ofchildren under the minimum age for adult membership upon application of anadult person. (1987, c. 483, s. 2.)
