Vermont § 3702 Other prohibited practices

Vermont Statutes

§ 3702 — Other prohibited practices

Vermont § 3702

Title 8Title 8: Banking and Insurance

Ch. 103Chapter 103: Life Insurance Policies and Annuity Contracts

This text of Vermont § 3702 (Other prohibited practices) 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, § 3702 (2026).

Text

A life insurance company doing business in the State or an agent thereof shall not:

(1)issue a policy of insurance or make an agreement other than that plainly expressed in the policy issued to the insured;

(2)pay or allow, or offer to pay or allow, as an inducement to insurance, a rebate or premium payable on the policy;

(3)grant a special favor or advantage in the dividends or other benefits to accrue thereon; or

(4)provide any valuable consideration or inducement not specified in the policy. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 1, § 2).)

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A life insurance company doing business in the State or an agent thereof shall not:
(1) issue a policy of insurance or make an agreement other than that plainly expressed in the policy issued to the insured;
(2) pay or allow, or offer to pay or allow, as an inducement to insurance, a rebate or premium payable on the policy;
(3) grant a special favor or advantage in the dividends or other benefits to accrue thereon; or
(4) provide any valuable consideration or inducement not specified in the policy. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 1, § 2).)