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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

103

:
LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS






Subchapter

005
:
GROUP LIFE INSURANCE










 

§

3822. Death pending conversion

The group life

insurance policy shall contain a provision that if a person insured under the

policy dies during the period within which he or she would have been entitled

to have an individual policy issued to him or her in accordance with section

3820 or 3821 of this title and before such an individual policy shall have

become effective, the amount of life insurance which he or she would have been

entitled to have issued to him or her under such individual policy shall be

payable as a claim under the group policy, whether or not application for the

individual policy or the payment of the first premium therefor has been made.

(1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 6, § 22).)