Oklahoma § 36-2716.1 - Benefits

§ 36-2716.1. 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 deceased

members; and

7. Such other benefits as authorized for life insurers and

which are not inconsistent with this article.

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.

Added by Laws 1992, c. 76, § 16, eff. Jan. 1, 1993.

Oklahoma Statutes - Title 36. Insurance