Montana Statutes
§ 33-7-520 — Benefits
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 7 FRATERNAL BENEFIT SOCIETIES·Part 5 Insurance Operations
33-7-520 . Benefits.
(1)A society may provide the following contractual benefits in any form:
(a)death benefits;
(b)endowment benefits;
(c)annuity benefits;
(d)temporary or permanent disability benefits;
(e)hospital, medical, or nursing benefits;
(f)monument or tombstone benefits to the memory of deceased members; and
(g)other benefits authorized for life insurers that are not inconsistent with this chapter.
(2)A society shall specify in its rules those persons who may be issued or covered by the contractual benefits in subsection (1), 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.
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Legislative History
En. Sec. 16, Ch. 586, L. 1991.
Nearby Sections
15
§ 33-7-101
Repealed§ 33-7-102
Repealed§ 33-7-103
Repealed§ 33-7-104
Repealed§ 33-7-105
Fraternal Benefit Societies§ 33-7-106
Lodge System§ 33-7-107
Representative Form Of Government§ 33-7-108
Definitions§ 33-7-109
Purposes And Powers§ 33-7-110
Qualification For Membership§ 33-7-111
Repealed§ 33-7-112
Repealed§ 33-7-113
Repealed§ 33-7-114
Repealed§ 33-7-115
Repealed