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
001
:
GENERALLY
(Cite as: 8 V.S.A. § 3708)
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§ 3708. Group insurance
(a) A policy of group life insurance or group disability insurance or the proceeds thereof
payable to the individual insured or to the beneficiary thereunder, shall not be liable,
either before or after payment, to be applied by any process to pay any debt or liability
of such insured individual or his or her beneficiary or of any other person having
a right under the policy. The proceeds thereof, when not made payable to a named
beneficiary or to a third person pursuant to a facility-of-payment clause, shall not
constitute a part of the estate of the individual insured for the payment of his or
her debts.
(b) This section shall not apply to group insurance issued to a creditor covering his
or her debtors, to the extent that such proceeds are applied to payment of the obligation
for the purpose of which the insurance was so issued. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 1, § 8).)