Indiana § 27-11-6-5 Effect of changes, additions, or amendments to laws of society upon
owner and beneficiaries of benefit contract

Indiana Statutes

§ 27-11-6-5 — Effect of changes, additions, or amendments to laws of society upon owner and beneficiaries of benefit contract

Indiana·Title 27 INSURANCE·Art. 11 FRATERNAL BENEFIT SOCIETIES·Ch. 6 Contractual Benefits

Any changes, additions, or amendments to the
laws of the society duly made or enacted subsequent to the issuance of
the certificate shall bind the owner and the beneficiaries and shall
govern and control the benefit contract in all respects as though the
changes, additions, or amendments had been made before and were in
force at the time of the application for insurance, except that no change,
addition, or amendment shall destroy or diminish benefits that the
society contracted to give the owner as of the date of issuance.

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Any changes, additions, or amendments to the
laws of the society duly made or enacted subsequent to the issuance of
the certificate shall bind the owner and the beneficiaries and shall
govern and control the benefit contract in all respects as though the
changes, additions, or amendments had been made before and were in
force at the time of the application for insurance, except that no change,
addition, or amendment shall destroy or diminish benefits that the
society contracted to give the owner as of the date of issuance.

Indiana § 27-11-6-5 (Effect of changes, additions, or amendments to laws of society upon owner and beneficiaries of benefit contract) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.