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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 8 : Banking and Insurance

Chapter 109 : CREDIT LIFE INSURANCE AND CREDIT ACCIDENT AND HEALTH INSURANCE

(Cite as: 8 V.S.A. § 4104)
  • § 4104. Forms and plans

    Credit life insurance and credit accident and health insurance shall be issued only in the following forms:

    (1) individual policies of life insurance issued to debtors on the term plan;

    (2) individual policies of accident and health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

    (3) group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

    (4) group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage. (Added 1959, No. 221, § 3.)