CAL. INS. CODE § 11041 : California Code - Section 11041
Search CAL. INS. CODE § 11041 : California Code - Section 11041
An admitted society may, by the issuance of certificates, provide for payment to its members of insurance benefits contained within the following classes:
(a) All forms of life insurance, as defined in Section 101, except group insurance and funeral insurance as defined in Section 10240.
(b) All forms of disability insurance, as defined in Section 106, except group insurance.
Except as otherwise provided in this chapter, benefits may be paid in any manner compatible with their nature.
Any benefits authorized in this section, or combinations thereof, may be provided in the same or separate certificates.
A society shall specify in its laws or rules those persons who may receive benefits or be covered by benefits through the society. For all coverages, the member shall be the applicant or the insured provided that 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. Every society, by its constitution, laws, or rules, may limit the scope of beneficiaries only to the extent required by federal law governing fraternal benefit societies. The society may specify the terms and conditions on which benefit certificates may be assigned. 11042. A society may provide for benefits on the lives of children under 21 years of age and under the minimum age for adult membership under the laws of the society at time of application therefor, upon the application of some adult person, as its laws or rules may provide, which benefits shall be in accordance with the provisions of Section 11041. A society may, at its option, organize and operate branches for such children. Membership and initiation in local lodges shall not be required of such children, nor shall they have a voice in the management of the society. Children insured under certificates issued pursuant to this section may be transferred to and become members of the adult branch of the society upon attaining the minimum age for adult membership under the laws of the society.
If a society maintains a separate juvenile fund, it shall have the right to provide in its laws or rules for the payment to the society' s expense or general fund; provided, that no such society shall transfer to such funds amounts collected for juvenile mortuary benefits and the net accretions thereto. A society shall have full power to provide for the fixing and readjusting, from time to time, of the premiums and the designation and changing of designation of beneficiaries and to provide in all other respects for the regulation, government and control of such certificates and all rights, obligations and liabilities incident thereto and in connection therewith.