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. § 3825)
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§ 3825. Application of dividends, rate reductions
If a policy dividend is hereafter declared or a reduction in rate is hereafter made
or continued for the first or any subsequent year of insurance under any policy of
group life insurance heretofore or hereafter issued to any policyholder, the excess,
if any, of the aggregate dividends or rate reductions under such policy and all other
group insurance policies of the policyholder over the aggregate expenditure for insurance
under such policies made from funds contributed by the policyholder, or by an employer
of insured persons, or by a union or association to which the insured persons belong,
including expenditures made in connection with administration of such policies, shall
be applied by the policyholder for the sole benefit of insured employees or members. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 6, § 25).)