§36-2716.1. Benefits.
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/ok/title-36-insurance/36-2716-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.