Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 15. FRATERNAL BENEFIT SOCIETIES · Article 4. BENEFIT CONTRACTS

33-15-60. Contractual benefits allowed; persons covered.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
A society may provide the following contractual benefits in any form:#
1. (1)
  Death benefits;#
2. (2)
  Endowment benefits;#
3. (3)
  Annuity benefits;#
4. (4)
  Temporary or permanent disability benefits;#
5. (5)
  Hospital, medical, or nursing benefits;#
6. (6)
  Monument or tombstone benefits to the memory of deceased members; and#
7. (7)
  Such other benefits as authorized for life insurers and which 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) of this Code 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.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 33-15-60, enacted by Ga. L. 1993, p. 1744, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, pages 737 to 738; merge action: carried; file SHA-256 4ecec175d949.