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.
(Cite as: 8 V.S.A. § 4499)
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§ 4499. Discrimination and rebates
(a) No society doing business in this State shall make or permit any unfair discrimination
between insured members of the same class and equal expectation of life in the premiums
charged for certificates of insurance, in the dividends or other benefits payable
thereon or in any other of the terms and conditions of the contracts it makes.
(b) No society, by itself, or any other party, and no agent or solicitor, personally,
or by any other party, may offer, promise, allow, give, set off, or pay, directly
or indirectly, any valuable consideration or inducement to, or for insurance, on any
risk authorized to be taken by the society that is not specified in the certificate.
No member may receive or accept, directly or indirectly, any rebate of premium, or
part thereof, or agent’s or solicitor’s commission thereon, payable on any certificate
or receive or accept any favor or advantage or share in the dividends or other benefits
to accrue on, or any valuable consideration or inducement not specified in the contract
of insurance. (Added 1959, No. 197, § 39, eff. Nov. 22, 1959.)