Vermont § 4474 Benefits

Vermont Statutes

§ 4474 — Benefits

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 121 Chapter 121: Fraternal Benefit Societies

(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.

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(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.

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