A corporation, society or voluntary association organized and carried on for the mutual benefit of its members and their beneficiaries and not for profit, and which makes provision for the payment of benefits in case of sickness, disability or death of its members, or disability or death of its members' wives or children, the fund from which the payment of such benefits are paid being derived from assessments or dues collected from its members, and the payment of death benefits being made to the families, heirs, blood relatives or persons named by its members as their beneficiaries, is hereby declared to be a mutual benefit society. Such societies shall be governed by the provisions of this chapter.