Vermont § 4481 Accident and health insurance and total and permanent disability insurance certificates; filing and approval

Vermont Statutes

§ 4481 — Accident and health insurance and total and permanent disability insurance certificates; filing and approval

Vermont § 4481

Title 8Title 8: Banking and Insurance

Ch. 121Chapter 121: Fraternal Benefit Societies

This text of Vermont § 4481 (Accident and health insurance and total and permanent disability insurance certificates; filing and approval) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 8, § 4481 (2026).

Text

(a)No domestic, foreign, or alien society authorized to do business in this State shall issue or deliver in this State any certificate or other evidence of any contract of accident insurance or health insurance or of any total and permanent disability insurance contract unless and until the form thereof, together with the form of application and all riders of endorsements for use in connection therewith, has been filed with the Commissioner of Financial Regulation. Each filing of a policy, contract, endorsement, rider, or certificate shall be accompanied by payment to the Commissioner of a nonrefundable fee of $50.00 per filing submission.

(b)The Commissioner may adopt rules prescribing the required, optional, and prohibited provisions in the contracts, and the rules shall conform, as fa

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(a) No domestic, foreign, or alien society authorized to do business in this State shall issue or deliver in this State any certificate or other evidence of any contract of accident insurance or health insurance or of any total and permanent disability insurance contract unless and until the form thereof, together with the form of application and all riders of endorsements for use in connection therewith, has been filed with the Commissioner of Financial Regulation. Each filing of a policy, contract, endorsement, rider, or certificate shall be accompanied by payment to the Commissioner of a nonrefundable fee of $50.00 per filing submission.
(b) The Commissioner may adopt rules prescribing the required, optional, and prohibited provisions in the contracts, and the rules shall conform, as far as practicable, to the provisions of chapter 107 of this title. Where the Commissioner deems inapplicable, either in part or in their entity, the provisions of this chapter, the Commissioner may prescribe the portions or summary of the portions of the contract to be printed on the certificate issued to the member. (Added 1959, No. 197, § 21, eff. Nov. 22, 1959; amended 1989, No. 225 (Adj. Sess.), § 25; 1991, No. 166 (Adj. Sess.), § 7; 1995, No. 180 (Adj. Sess.), § 38; 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012; 2021, No. 105 (Adj. Sess.), § 195, eff. July 1, 2022.)