Vt. Stat. tit. 8 § 3702

Current through L. 2024, c. 109.

Section 3702 - Other prohibited practices

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.

8 V.S.A. § 3702

Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 1, § 2 ).