Contracts of Beneficial Societies

Saylor, Dep. Att’y-Gen.,

— We have your request for an opinion as to the application of the Act of April 26, 1929, P. L. 805, to the contracts of beneficial societies entered into prior to its passage, both with respect to the amount of death and benefit payments made thereunder and to the amount of reserves to be set up under the provisions of the act.

Section 1 of the act provides that beneficial societies may enter into contracts for the payment of money or benefits not exceeding $10 per week in the event of sickness, accident or disability, and not exceeding $250 in the event of death, and…