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
002
:
PRESUMPTION OF ABANDONMENT
(Cite as: 27 V.S.A. § 1471)
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§ 1471. Deposit account for proceeds of insurance policy or annuity contract
If proceeds payable under a life or endowment insurance policy or annuity contract
are deposited into an account with check or draft-writing privileges for the beneficiary
of the policy or contract and, under a supplementary contract not involving annuity
benefits other than death benefits, the proceeds are retained by the insurance company
or the financial organization where the account is held, the policy or contract includes
the assets in the account. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)