Benevolent society benefits

{
  "id": "MLC-T-LAW-000701",
  "term": "Benevolent society benefits",
  "field": "Law",
  "definition": "Payments or services provided by a fraternal or charitable organization to its members, such as life, health, or disability insurance. These societies are formed for the mutual aid and protection of their members rather than for commercial profit. Under many state insurance codes and the Internal Revenue Code, these organizations receive special tax-exempt status if they meet specific criteria for their structure and purpose.",
  "url": "https://mlchart.com/terminology/law/benevolent-society-benefits/"
}