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
006
:
VARIABLE ANNUITIES-SEPARATE ACCOUNTS
(Cite as: 8 V.S.A. § 3856)
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§ 3856. Required contents of policy
Any contract providing benefits payable in variable amounts delivered or issued for
delivery in this State shall contain a statement of the essential features of the
procedures to be followed by the insurer in determining the dollar amount of such
variable benefits. Any such contract under which the benefits vary to reflect investment
experience, including a group contract and any certificate in evidence of variable
benefits issued thereunder, shall state that such dollar amount will so vary and shall
contain on its first page a statement to the effect that the benefits thereunder are
on a variable basis. (Added 1971, No. 106, § 2, eff. April 22, 1971.)