§4470. Qualifications for membership

Link to law: http://legislature.vermont.gov/statutes/section/08/121/04470
Published: 2015

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The Vermont Statutes Online



Banking and Insurance






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.)