☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 378

Effective - 01 Jan 1993, see footnote bottom

  378.616.  Benefits authorized — rules to specify allowable beneficiaries. — 1.  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; 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 chapter.

  2.  A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection 1 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.

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(L. 1992 S.B. 831)

Effective 1-01-93


---- end of effective   01 Jan 1993 ----

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