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
005
:
GROUP LIFE INSURANCE
(Cite as: 8 V.S.A. § 3804)
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§ 3804. Labor union groups
The lives of a group of individuals may be insured under a policy issued to a labor
union, which shall be deemed the policyholder, to insure members of such union for
the benefit of persons other than the union or any of its officials, representatives,
or agents, subject to the following requirements:
(1) The members eligible for insurance under the policy shall be all of the members of
the union, or all of any class or classes thereof determined by conditions pertaining
to their employment or to membership in the union, or both.
(2) The premium for the policy shall be paid by the policyholder, either wholly from the
union’s funds, or partly from such funds and partly from funds contributed by the
insured members specifically for their insurance. No policy may be issued on which
the entire premium is to be derived from funds contributed by the insured members
specifically for their insurance. A policy on which part of the premium is to be
derived from funds contributed by the insured members specifically for their insurance
may be placed in force only if at least 75 percent of the then eligible members, excluding
any as to whom evidence of individual insurability is not satisfactory to the insurer,
elect to make the required contributions. A policy on which no part of the premium
is to be derived from funds contributed by the insured members specifically for the
insurance must insure all eligible members, or all except any as to whom evidence
of individual insurability is not satisfactory to the insurer.
(3) The policy must cover at least 10 members at date of issue.
(4) The amounts of insurance under the policy must be based upon some plan precluding
individual selection either by the members or by the union. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 6, § 4).)