1. (a) A society authorized to do business in this State may provide for the payment of:

   1. (1) death benefits in any form;
   2. (2) endowment benefits;
   3. (3) annuity benefits;
   4. (4) temporary or permanent disability benefits as a result of disease or accident;
   5. (5) hospital, medical, or nursing benefits due to sickness or bodily infirmity or accident;
   6. (6) monument or tombstone benefits to the memory of deceased members not exceeding in any case the sum of $300.00; and
2. (b) Such benefits may be provided on the lives of members or upon application of a member, on the lives of the member’s family, including the member, the member’s spouse and minor children, in the same or separate certificates.

(Added 1959, No. 197, § 14, eff. Nov. 22, 1959.)