Okla. Stat. tit. 36 § 2716.1

Current through Laws 2024, c. 453.

Section 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.

Okla. Stat. tit. 36, § 2716.1

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