The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
Subchapter
012
:
ACTIONS AND PENALTIES
(Cite as: 8 V.S.A. § 3665c)
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§ 3665c. Damages
An insurance company, including a society and an association, is responsible for payment
of any consequential damages, including all penalties or costs, caused by improper
delay in payment or settlement of claims to claimants, loss payees, or beneficiaries
under policies of insurance subject to section 3665a or 3665b of this title. Consequential damages for improper delay are not applicable when a policy expressly
provides for periodic payments or when a claimant, loss payee, or beneficiary agrees
to accept periodic payments, unless an insurer improperly delays making such periodic
payments. (Added 2019, No. 103 (Adj. Sess.), § 17.)