83-30-31 - Benefits. - Mississippi Statutes

§ 83-30-31. Benefits.
 

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

(a) Death benefits; 

(b) Endowment benefits; 

(c) Annuity benefits; 

(d) Temporary or permanent disability benefits; 

(e) Hospital, medical or nursing benefits; 

(f) Funeral benefits; 

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

(h) 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 persons who may be issued, or covered by, the contractual benefits in subsection (1), 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. 
 

Sources: Laws, 2001, ch. 362, § 16, eff from and after July 1, 2001.