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. § 3818)
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§ 3818. Payment of benefits
The group life insurance policy shall contain a provision that any sum becoming due
by reason of the death of the person insured shall be payable to the beneficiary designated
by the person insured, subject to the provisions of the policy in the event there
is no designated beneficiary as to all or any part of such sum living at the death
of the person insured, and subject to any right reserved by the insurer in the policy
and set forth in the certificate to pay at its option a part of such sum not exceeding
$500.00 to any person appearing to the insurer to be equitably entitled thereto by
reason of having incurred funeral or other expenses incident to the last illness or
death of the person insured. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 6, § 18).)