Tennessee § 56-25-401 Benefits

Tennessee Statutes

§ 56-25-401 — Benefits

Tennessee·Title 56

(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 that are not inconsistent with this chapter.

(b)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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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 that are not inconsistent with this chapter. (b) 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.

Tennessee § 56-25-401 (Benefits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.