§4503. Penalties

Link to law: http://legislature.vermont.gov/statutes/section/08/121/04503
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

121

:
FRATERNAL BENEFIT SOCIETIES











 

§

4503. Penalties

(a) Any person

who willfully makes a false or fraudulent statement in or relating to an

application for membership or for the purpose of obtaining money from or a

benefit in a society, shall be fined not less than $500.00 nor more than $2,000.00

or imprisoned not less than 30 days nor more than 90 days, or both.

(b) A person who

willfully makes a false or fraudulent statement in any verified report or

declaration under oath required or authorized by this chapter, or of any

material fact or thing contained in a sworn statement concerning the death or

disability of a member for the purpose of procuring payment of a benefit named

in the certificate, shall be guilty of perjury and shall be subject to the

penalties therefor prescribed by law.

(c) A person who

solicits membership for, or in any manner assists in procuring membership in,

any society not licensed to do business in this State shall upon conviction be

fined not less than $250.00 nor more than $1,000.00.

(d) A person

guilty of a willful violation of, or neglect or refusal to comply with the

provisions of this chapter for which a penalty is not otherwise prescribed,

shall upon conviction, be subject to a fine of not more than $1,000.00. (1959,

No. 197, § 43, eff. Nov. 22, 1959; amended 1971, No. 199 (Adj. Sess.), § 17;

1995, No. 167 (Adj. Sess.), § 17.)
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