(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) Such other benefits as authorized for life insurers and which are not inconsistent with this chapter, upon determination by the Director of the Department of Consumer and Business Services that the society is in compliance with all the requirements for a mutual life insurer to write such benefits.
(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. [1987 c.490 ยง17]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 748 - Fraternal Benefit Societies
Section 748.103 - Definitions.
Section 748.109 - Conditions constituting "operating on a lodge system."
Section 748.112 - Conditions constituting "representative form of government."
Section 748.121 - Purposes, operation and powers.
Section 748.123 - Membership; eligibility; admission process; privileges.
Section 748.130 - Principal office; publications; annual statement synopsis; complaints.
Section 748.142 - Amendment of society laws.
Section 748.144 - Creation and operation of other organizations and entities.
Section 748.148 - Consolidation and merger.
Section 748.171 - Certificate of authority.
Section 748.174 - Certificate of authority for foreign or alien society.
Section 748.184 - Reinsurance.
Section 748.204 - Beneficiaries.
Section 748.211 - Benefit contract; certificate.
Section 748.309 - Group membership; lodges.
Section 748.316 - Payments for group benefits.
Section 748.401 - Value of benefit and amount of options.
Section 748.403 - Standards of valuation for certificates.
Section 748.406 - Financial statement; filing; fee; valuation.
Section 748.409 - Assets of society; variable contracts.
Section 748.501 - Examination.
Section 748.601 - Exemptions from chapter.