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The Vermont Statutes Online
Title
08
:
Banking and Insurance
Chapter
121
:
FRATERNAL BENEFIT SOCIETIES
§
4470. Qualifications for membership
(a) A society
may admit to benefit membership any person not less than 15 years of age, at
his or her nearest birthday, who has furnished evidence of insurability
acceptable to the society. A member who applies for additional benefits more
than six months after becoming a benefit member shall furnish additional
evidence of insurability acceptable to the society.
(b) A person
admitted before becoming 18 years of age shall be bound by the terms of the
application and certificate and by all the laws and rules of the society and
shall be entitled to all the rights and privileges of membership therein to the
same extent as though the age of majority had been reached at the time of
application. A society may also admit general or social members who shall have
no voice or vote in the management of its insurance affairs. (1959, No. 197, §
10, eff. Nov. 22, 1959.)