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
005B
:
LIFE SETTLEMENTS
(Cite as: 8 V.S.A. § 3842)
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§ 3842. Disclosure to insurer
Thirty days prior to the execution of a life settlement contract or the execution
or other affirmation of an agreement or arrangement to enter into a life settlement
contract, a life settlement provider shall provide notice to the insurer that issued
or has assumed the policy, provided the contract, agreement or arrangement is executed
or otherwise affirmed prior to, or during the first five years after issuance of a
policy. The notice shall contain information identifying the policy and the policy
owner, if applicable, and a copy of the proposed life settlement contract. (Added 2009, No. 53, § 1, eff. Jan. 1, 2010.)