Sec. 885.301. TYPES OF BENEFITS PERMITTED. (a) A fraternal benefit society may provide for the payment of: (1) death benefits in any form; (2) endowment benefits; (3) annuity benefits; (4) benefits for temporary or permanent disability resulting from disease or accident; (5) benefits for hospital, medical, or nursing expenses resulting from sickness, bodily infirmity, or accident; (6) benefits for the erection of a monument or tombstone to the memory of a deceased member; (7) funeral benefits; and (8) any other benefit that may be provided by a life, accident, or health insurance company and that is: (A) offered in compliance with a law described by Section 841.002 applicable to a life, accident, or health insurance company; and (B) consistent with this chapter. (b) A fraternal benefit society shall: (1) specify in the fraternal benefit society's laws or rules those persons to whom a benefit certificate may be issued or who may be covered by benefits; and (2) make the provision of those benefits consistent with the provision of benefits to members and their beneficiaries.
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