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Code · South Dakota · Title 58 · Chapter 58-37

58-37A-16. Contractual benefits allowed.

113 words·~1 min read·/sd/title-58/chapter-58-37/58-37a-16·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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)Any other benefits as authorized for life and health insurers and which are not inconsistent with this chapter.
A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits 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.
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