Vermont Statutes
§ 4475 — Benefits on lives of children
(a)A society may provide for benefits on the lives of children under the minimum age for adult membership but not greater than 18 years of age at the time of application for such benefits, upon the application of an adult person who has an insurable interest, as its laws or rules may provide, which benefits shall be in accordance with the provisions of subsection 4474(a) of this title. A society may, at its option, organize and operate branches for such children. Membership and initiation in local lodges shall not be required of such children, nor shall they have a voice in the management of the society.
(b)A society shall have power to provide for the designation and changing of designation of beneficiaries in the certificates providing for the benefits and to provide in all other respe
Free access — add to your briefcase to read the full text and ask questions with AI
Vermont § 4475 (Benefits on lives of children) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 4460
Statutory purposes§ 4462
Lodge system defined§ 4464
Organization§ 4472
Institutions§ 4473
No personal liability§ 4474
Benefits