(1) A society may provide the following contractual benefits as authorized by the certificate of authority issued:
Death benefits;
Endowment benefits;
Annuity benefits;
Temporary or permanent disability benefits;
Hospital, medical, or nursing benefits;
Monument or tombstone benefits to the memory of deceased members; and
Such other benefits as authorized for life insurers and which are not inconsistent withthis article.
(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.
Source: L. 93: Entire article amended with relocations, p. 597, § 1, effective July 1.
Editor's note: This section is similar to former § 10-14-105 as it existed prior to 1993.