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. § 3823)
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§ 3823. Notice as to conversion right
If any individual insured under a group life insurance policy hereafter delivered
in this State becomes entitled under the terms of such policy to have an individual
policy of life insurance issued to him or her without evidence of insurability, subject
to making of application and payment of the first premium within the period specified
in such policy, and if such individual is not given notice of the existence of such
right at least 15 days prior to the expiration date of such period, then, in such
event, the individual shall have an additional period within which to exercise such
right, but nothing herein contained shall be construed to continue any insurance beyond
the period provided in such policy. This additional period shall expire 15 days next
after the individual is given such notice but in no event shall such additional period
extend beyond 60 days next after the expiration date of the period provided in such
policy. Written notice presented to the individual or mailed by the policyholder to
the last known address of the individual or mailed by the insurer to the last known
address of the individual as furnished by the policyholder shall constitute notice
for the purpose of this section. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 6, § 23).)