§3773. Effective date; applicability

Link to law: http://legislature.vermont.gov/statutes/section/08/103/03773
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

103

:
LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS






Subchapter

003B
:
STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE










 

§

3773. Effective date; applicability

After the

effective date of this subchapter, any company may file with the Commissioner a

written notice of its election to comply with the provisions of this subchapter

after a specified date before January 1, 1948. After the filing of such notice,

then upon the specified date (which shall be the operative date for the

company), this subchapter shall become operative with respect to the policies

thereafter issued by the company. If a company makes no such election, the

operative date of this subchapter for the company shall be January 1, 1948.

(Added 2015, No. 63, § 2, eff. June 17, 2015.)
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