40 Pa. Stat. § 991.2431

Current through Pa Acts 2024-35, 2024-56
Section 991.2431 - Benefits
(a) General rule.--A society authorized to do business in this Commonwealth 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) Other benefits which are authorized for insurers licensed to write life, accident and health insurance and which are not inconsistent with this subarticle.
(b) Eligible members.--A society shall specify in its rules those persons who may be issued or covered by the contractual benefits in subsection (a), 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.

40 P.S. § 991.2431

1921, May 17, P.L. 682, No. 284, art. XXIV, § 2431, added 2002, July 10, P.L. 749, No. 110, § 9, effective in 60 days.