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Searching 2021-2022 Session

The Vermont Statutes Online


Title 8 : Banking and Insurance


(Cite as: 8 V.S.A. § 4474)
  • § 4474. Benefits

    (a) A society authorized to do business in this State may provide for the payment of:

    (1) death benefits in any form;

    (2) endowment benefits;

    (3) annuity benefits;

    (4) temporary or permanent disability benefits as a result of disease or accident;

    (5) hospital, medical, or nursing benefits due to sickness or bodily infirmity or accident;

    (6) monument or tombstone benefits to the memory of deceased members not exceeding in any case the sum of $300.00; and

    (b) Such benefits may be provided on the lives of members or upon application of a member, on the lives of the member's family, including the member, the member's spouse and minor children, in the same or separate certificates. (1959, No. 197, § 14, eff. Nov. 22, 1959.)