378.616. Benefits authorized — rules to specify allowable beneficiaries.
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/mo/chapter-378/378-616A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
378.616. Benefits authorized — rules to specify allowable beneficiaries. — 1. 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; and
(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 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.
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(L. 1992 S.B. 831)
Effective 1-01-93