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RHODE ISLAND STATUTES AND CODES

§ 27-25-16 - Benefits.

SECTION 27-25-16

   § 27-25-16  Benefits. – (a) A society may provide the following contractual benefits in any form:

   (1) Death benefits;

   (2) Endowment benefits;

   (3) Annuity benefits;

   (4) Temporary or permanent disability benefits;

   (5) Hospital, medical, or nursing benefits;

   (6) Monument or tombstone benefits to the memory of deceasedmembers; and

   (7) Any other benefits authorized for life insurers and whichare not inconsistent with this chapter.

   (b) A society shall specify in its rules those persons whomay be issued, or covered by, the contractual benefits in subsection (a) ofthis section, consistent with providing benefits to members and theirdependents. A society may provide benefits on the lives of children under theminimum age for adult membership upon application of an adult person.

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