LegalFix
Sign In

§ 31–5313. Benefits.

DC Code § 31–5313 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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 deceased members; and

(7) Such other benefits as authorized for life insurers and which are not inconsistent with this chapter.

(b) A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (a) of this section, 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.

(Apr. 29, 1998, D.C. Law 12-86, § 1214, 45 DCR 1172.)

1981 Ed., § 35-1243.

This section is referenced in § 31-5301 and § 31-5302.

Previous Section
§ 31–5312. Conversion of fraternal benefit society into a mutual life insurance company.
Next Section
§ 31–5314. Beneficiaries.