H.B. 1022                                                     VETOES

(2)     on application of a member, on the lives of the member's family,
including the member, the member's spouse, or the member's minor child, in the same or
a separate certificate.]

(B) (1) A SOCIETY SHALL SPECIFY IN ITS LAWS THOSE INDIVIDUALS WHO
MAY BE ISSUED, OR COVERED BY, THE CONTRACTUAL BENEFITS DESCRIBED IN
SUBSECTION (A) OF THIS SECTION, CONSISTENT WITH THE PROVISION OF BENEFITS
TO MEMBERS AND THEIR DEPENDENTS.

(2)      A SOCIETY MAY PROVIDE BENEFITS ON THE LIVES OF CHILDREN
UNDER THE MINIMUM AGE FOR ADULT MEMBERSHIP ON APPLICATION OF AN
ADULT.

(B) (1) A SOCIETY SHALL SPECIFY IN ITS LAWS THOSE PERSONS WHO MAY
RECEIVE BENEFITS THROUGH THE SOCIETY.

(2)      (I) FOR ALL COVERAGES. THE MEMBER SHALL BE THE APPLICANT
OR THE INSURED.

(II) IF THE MEMBER IS THE APPLICANT, THERE SHALL BE A BONA
FIDE FAMILIAL OR OTHER DEPENDENT RELATIONSHIP BETWEEN THE MEMBER AND
THE INSURED OR BENEFICIARY.

(3)      (I) EVERY SOCIETY, BY ITS LAWS. MAY LIMIT THE SCOPE OF
BENEFICIARIES ONLY TO THE EXTENT REQUIRED BY FEDERAL LAW GOVERNING
FRATERNAL BENEFIT SOCIETIES.

(II) THE SOCIETY MAY SPECIFY THE TERMS AND CONDITIONS ON
WHICH BENEFITS CERTIFICATES MAY BE ASSIGNED.

(C) A SOCIETY MAY NOT PROVIDE BENEFITS THROUGH GROUP INSURANCE
COVERAGES.

(e) (D) A member who applies for additional benefits more than 6 months after
becoming a benefit member shall provide additional evidence of insurability acceptable to
the society,

[8-429.

(a) (1) A society may grant paid-up nonforfeiture benefits, cash surrender
values, certificate loans, and other options as its laws allow.

(2) (i) A society shall grant at least one paid-up nonforfeiture benefit for
certificates issued by the society on or after December 31, 1963.

(ii) Subparagraph (i) of this paragraph does not apply to:

1.        pure endowment contracts;

2.        annuity contracts;

3.        reversionary annuity contracts;

4.        reducing term insurance contracts; or

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