The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 8 : Banking and Insurance
Chapter 121 : Fraternal Benefit Societies
(Cite as: 8 V.S.A. § 4474)-
§ 4474. Benefits
(a) A society authorized to do business in this State may provide for the payment of:
(1) death benefits in any form;
(2) endowment benefits;
(3) annuity benefits;
(4) temporary or permanent disability benefits as a result of disease or accident;
(5) hospital, medical, or nursing benefits due to sickness or bodily infirmity or accident;
(6) monument or tombstone benefits to the memory of deceased members not exceeding in any case the sum of $300.00; and
(b) Such benefits may be provided on the lives of members or upon application of a member, on the lives of the member’s family, including the member, the member’s spouse and minor children, in the same or separate certificates. (Added 1959, No. 197, § 14, eff. Nov. 22, 1959.)
