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Searching 2023-2024 Session

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 103 : Life Insurance Policies and Annuity Contracts

Subchapter 001 : Generally

(Cite as: 8 V.S.A. § 3702)
  • § 3702. Other prohibited practices

    A life insurance company doing business in the State or an agent thereof shall not:

    (1) issue a policy of insurance or make an agreement other than that plainly expressed in the policy issued to the insured;

    (2) pay or allow, or offer to pay or allow, as an inducement to insurance, a rebate or premium payable on the policy;

    (3) grant a special favor or advantage in the dividends or other benefits to accrue thereon; or

    (4) provide any valuable consideration or inducement not specified in the policy. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 1, § 2).)