Vermont Statutes Title 8 Sec. 4208
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Terms Used In Vermont Statutes Title 8 Sec. 4208
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
§ 4208. Construction of illegal policies
A policy issued in violation of the provisions of this chapter shall be held valid but shall be construed as provided in the provisions of this chapter. When a provision in a policy is in conflict with the provisions of this chapter, the rights, duties, and obligations of the insurer, the policyholder, and the beneficiary shall be governed by the provisions of this chapter. (Amended 2021, No. 105 (Adj. Sess.), § 170, eff. July 1, 2022.)