§ 58-24-75. Benefits. - North Carolina Statutes

§58‑24‑75.  Benefits.

(a)        A society mayprovide the following contractual benefits in any form:

(1)        Death benefits;

(2)        Endowment benefits;

(3)        Annuity benefits;

(4)        Temporary orpermanent disability benefits;

(5)        Hospital, medical ornursing benefits;

(6)        Monument ortombstone benefits to the memory of deceased members; and

(7)        Such other benefitsas authorized for life insurers and which are not inconsistent with thisArticle.

(b)        A society shallspecify in its rules those persons who may be issued, or covered by, thecontractual benefits in subsection (a), consistent with providing benefits tomembers and their dependents.  A society may provide benefits on the lives ofchildren under the minimum age for adult membership upon application of anadult person. (1987, c. 483, s. 2.)