PART IV. CONTRACTUAL BENEFITS

 

§432:2-401  Benefits.  (a)  A societymay 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 ofdeceased members; and

(7)  Such other benefits as authorized for lifeinsurers and which are not inconsistent with this article.

(b)  A society shall specify in its rules thosepersons who may be issued, or covered by, the contractual benefits insubsection (a), consistent with providing benefits to members and theirdependents.  A society may provide benefits on the lives of children under theminimum age for adult membership upon application of an adult person. [L 1987,c 347, pt of §2]