N.C. Gen. Stat. § 58-24-75
Benefits
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) A society may provide the following contractual benefits in any form: Death benefits;
(1) A society may provide the following contractual benefits in any form: Death benefits;
(2) Endowment benefits;
(2) Endowment benefits;
(3) Annuity benefits;
(3) Annuity benefits;
(4) Temporary or permanent disability benefits;
(4) Temporary or permanent disability benefits;
(5) Hospital, medical or nursing benefits;
(5) Hospital, medical or nursing benefits;
(6) Monument or tombstone benefits to the memory of deceased members; and
(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.
(7) Such other benefits as authorized for life insurers and which are not inconsistent with this Article.
(8) A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (a), 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.
(8) A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (a), 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.
History
(1987, c. 483, s. 2.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.