INSURANCE 2181

business in Maryland for six or more years and has been one hundred per
cent. (100%) solvent for the entire period, and operating on the lodge
plan may provide in its constitution and by-laws, in addition to other bene-
fits provided therein, for the payment of death or annuity benefits upon
the lives of children upon the application of some adult person upon whom
such child is dependent for support and maintenance. Any such society
may, at its option, organize and operate branches for such children, and
membership in local lodges and initiation therein shall not be required of
such children, nor shall they have any voice in the management of the
society. The total benefits payable as above provided shall in no case
exceed the following amounts at ages at next birthday at time of death,
respectively, as follows: One, fifty dollars; two, seventy-five dollars;
three, one hundred dollars; four, one hundred fifty dollars; five, one hun-
dred seventy-five dollars; six, two hundred dollars; seven, two hundred
fifty dollars; eight, three hundred twenty-five dollars; nine, four hundred
dollars; ten, five hundred dollars, eleven, six hundred dollars, twelve,
seven hundred dollars, thirteen, eight hundred dollars; fourteen, nine hun-
dred dollars; fifteen and over, one thousand dollars. No benefit certificate
as to any child shall take effect until after medical examination or inspec-
tion, in accordance with the by-laws of the society, nor shall any such bene-
fit certificate be issued unless the society shall simultaneously put in force
at least five hundred such certificates, on each of which at least one assess-
ment has been paid, nor where the number of lives represented by such
certificate falls below five hundred. The death benefit contributions to be
made upon such certificates shall be based upon the "Standard Industrial
Mortality Table" or the "English Life Table Number Six," and a rate of
interest not greater than four per cent, per annum, or upon a higher stand-
ard : Provided, that contributions may be waived or returns may be made
from any surplus held in excess of reserve and other liabilities as provided
in the by-laws. And provided, further, that extra contributions may be
made if the reserves hereafter provided for become impaired. Any society
entering into such insurance agreements shall maintain on all such con-
tracts the reserve required by the standard of mortality and interest
adopted by the society for computing contributions, and the funds repre-
senting the benefit contributions and all accretions thereon shall be kept as
separate and distinct funds, independent of the other funds of the society,
and shall not be liable for nor used for the payment of the debts and obli-
gations of the society other than the benefits herein authorized: Provided,
however, that when a child reaches the age of eighteen years and fails to
apply for regular membership into the society, any benefit certificates
issued to it must be surrendered for cancellation, and any reserve upon
such certificate shall be paid to the party responsible for the payments of
assessments as a cash value.

Provided, further, that such surrender will not reduce the number of
lives insured in the branch below five hundred, and upon the issuance of
such new certificate any reserve upon the original certificate herein pro-
vided for shall be transferred to the credit of the new certificate. Neither
the person who originally made application for benefits on account of such
child, nor the beneficiary named in such original certificate, nor the person
who paid the contributions, shall have any vested right in such new certifi-
cate, the free nomination of a beneficiary under the new certificates being
left to the child so admitted to benefit membership. An entirely separate