Section 11041 Of Article 4. Benefits From California Insurance Code >> Division 2. >> Part 2. >> Chapter 10. >> Article 4.
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.