(1) A society may provide the following contractual benefits:
(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.
(2) A society shall specify in its rules those members and their dependents or persons in whom a member has an insurable interest who may be issued, or covered by, the contractual benefits set forth in subsection (1). A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.
History.—ss. 4, 6, ch. 86-140; s. 4, ch. 91-429.
Structure Florida Statutes
Chapter 632 - Fraternal Benefit Societies
632.601 - “Fraternal Benefit Society” Defined.
632.602 - “Lodge System” Defined.
632.603 - “Representative Form of Government” Defined.
632.605 - Purposes and Powers.
632.606 - Qualifications for Membership.
632.607 - Location of Office; Meetings; Communications to Members; Grievance Procedures.
632.608 - No Personal Liability.
632.615 - Consolidations and Mergers.
632.616 - Conversion of Fraternal Benefit Society Into Mutual Life Insurance Company.
632.619 - Benefits Not Attachable.
632.621 - The Benefit Contract.
632.622 - Nonforfeiture Benefits, Cash Surrender Values, Certificate Loans, and Other Options.
632.631 - Examination of Societies; No Adverse Publications.
632.632 - Foreign or Alien Society; Admission.
632.634 - Licensing and Appointment of Agents.
632.635 - Unfair and Deceptive Acts and Practices.
632.636 - Violations; Penalties.