Vermont § 3702 Other prohibited practices

Vermont Statutes

§ 3702 — Other prohibited practices

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 103 Chapter 103: Life Insurance Policies and Annuity Contracts

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).)

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