Vermont § 4208 Construction of illegal policies

Vermont Statutes

§ 4208 — Construction of illegal policies

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 113 Chapter 113: Liability Insurance and Service Contract Companies

A policy issued in violation of the provisions of this chapter shall be held valid but shall be construed as provided in the provisions of this chapter. When a provision in a policy is in conflict with the provisions of this chapter, the rights, duties, and obligations of the insurer, the policyholder, and the beneficiary shall be governed by the provisions of this chapter. (Amended 2021, No. 105 (Adj. Sess.), § 170, eff. July 1, 2022.)

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A policy issued in violation of the provisions of this chapter shall be held valid but shall be construed as provided in the provisions of this chapter. When a provision in a policy is in conflict with the provisions of this chapter, the rights, duties, and obligations of the insurer, the policyholder, and the beneficiary shall be governed by the provisions of this chapter. (Amended 2021, No. 105 (Adj. Sess.), § 170, eff. July 1, 2022.)

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