O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-15-60 (2019)

Contractual benefits allowed; persons covered

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(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 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.

History

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

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 36 Am. Jur. 2d, Fraternal Orders and Benefit Societies, § 95.

C.J.S. - 10 C.J.S., Beneficial Associations, § 35 et seq.