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
002
:
LIFE INSURANCE AND ANNUITY CONTRACTS
(Cite as: 8 V.S.A. § 3734)
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§ 3734. Incontestability and limitation of liability after reinstatement
(a) A reinstated policy of life insurance or annuity contract may be contested on account
of fraud or misrepresentation of facts material to the reinstatement only for the
same period following reinstatement and with the same conditions and exceptions as
the policy provides with respect to contestability after original issuance.
(b) When any life insurance policy or annuity contract is reinstated, such reinstated
policy or contract may exclude or restrict liability to the same extent that such
liability could have been or was excluded or restricted when the policy or contract
was originally issued, and such exclusion or restriction shall be effective from the
date of reinstatement. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 2, § 16).)