632.617 Benefits. - Florida Statutes

632.617 Benefits.

   (1) A society may provide the following contractual benefits:

   (a) Death benefits;

   (b) Endowment benefits;

   (c) Annuity benefits;

   (d) Temporary or permanent disability benefits;

   (e) Hospital, medical, or nursing benefits;

   (f) Monument or tombstone benefits to the memory of deceased members; and

   (g) 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 members and their dependents or persons in whom a member has an insurable interest who may be issued, or covered by, the contractual benefits set forth in subsection (1). A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.

History. ss. 4, 6, ch. 86-140; s. 4, ch. 91-429.