Vermont Statutes
Chapter 103 - Life Insurance Policies and Annuity Contracts
§ 3791. Title

§ 3791. Title
This subchapter shall be known as the Standard Valuation Law. (Added 2015, No. 63, § 1, eff. June 17, 2015.)

Structure Vermont Statutes

Vermont Statutes

Title 8 - Banking and Insurance

Chapter 103 - Life Insurance Policies and Annuity Contracts

§ 3700. Statutory purposes

§ 3701. Discriminations prohibited

§ 3702. Other prohibited practices

§ 3703. Penalties

§ 3704. Trust agreements

§ 3705. Spendthrift provisions; creditors of beneficiary

§ 3706. Exemption of proceeds—Life insurance

§ 3707. Disability benefits

§ 3708. Group insurance

§ 3709. Annuity contracts—Assignability of rights

§ 3710. Power to contract—Purchase of annuities or insurance by minors

§ 3711. Charitable life gifts

§ 3712. Payment discharges insurer

§ 3713. Assignment of insurance policies or annuity contracts

§ 3714. Life policy as separate property of married woman

§ 3715. Forms for proof of loss to be furnished

§ 3716. Claims administration not waiver

§ 3717. Annuity contracts

§ 3718. Annuity considerations

§ 3718a. Charitable gift annuities

§ 3719. Valuation of bonds, etc

§ 3731. Standard provisions required

§ 3732. “Industrial life insurance” defined

§ 3733. Excluded or restricted coverage in life insurance policies

§ 3734. Incontestability and limitation of liability after reinstatement

§ 3735. Application as evidence

§ 3736. Representations in applications

§ 3750. Standard nonforfeiture law for individual deferred annuities

§ 3760. Title

§ 3761. Definitions

§ 3762. Nonforfeiture benefits

§ 3763. Computation of cash surrender value

§ 3764. Computation of paid-up nonforfeiture benefits

§ 3765. Calculation of adjusted premiums

§ 3766. Calculation of adjusted premiums; ordinary policies

§ 3767. Calculation of adjusted premiums; industrial policies

§ 3768. Calculations of adjusted premiums by the nonforfeiture net level premium method

§ 3769. Nonforfeiture benefits for indeterminate premium plans

§ 3770. Proration of values; net value of paid-up additions

§ 3771. Consistency of progression of cash surrender values with increasing policy duration

§ 3772. Exceptions

§ 3773. Effective date; applicability

§ 3791. Title

§ 3791a. Definitions

§ 3791b. Reserve valuation

§ 3791c. Actuarial opinion of reserves

§ 3791d. Computation of minimum standard

§ 3791e. Computation of minimum standard for annuities

§ 3791f. Computation of minimum standard by calendar year of issue

§ 3791g. Reserve valuation method—life insurance and endowment benefits

§ 3791h. Reserve valuation method—annuity and pure endowment benefits

§ 3791i. Minimum reserves

§ 3791j. Optional reserve calculation

§ 3791k. Reserve calculation—valuation net premium exceeding the gross premium charged

§ 3791l. Reserve calculation—indeterminate premium plans

§ 3791m. Minimum standard for accident and health insurance contracts

§ 3791n. Valuation manual for policies issued on or after the operative date of the valuation manual

§ 3791o. Requirements of a principle-based valuation

§ 3791p. Experience reporting for policies in force on or after the operative date of the valuation manual

§ 3791q. Confidentiality

§ 3791r. Single state exemption

§ 3801. Scope of subchapter—Short title

§ 3802. Group contracts must meet group requirements

§ 3803. Employee groups

§ 3804. Labor union groups

§ 3805. Debtor groups

§ 3806. Licensed lenders; charges for insurance

§ 3807. Public employee groups

§ 3808. Trustee groups

§ 3809. Association of employers groups

§ 3810. Credit union groups

§ 3810a. Associations and discretionary groups

§ 3811. Dependents’ coverage

§ 3812. Provisions required in group contracts

§ 3813. Grace period

§ 3814. Incontestability

§ 3815. Application; statements deemed representations

§ 3816. Insurability

§ 3817. Misstatement of age

§ 3818. Payment of benefits

§ 3819. Certificate

§ 3820. Conversion on termination of eligibility

§ 3821. Conversion on termination of policy

§ 3822. Death pending conversion

§ 3823. Notice as to conversion right

§ 3824. Readjustment of premium

§ 3825. Application of dividends, rate reductions

§ 3835. Definitions

§ 3836. License and bond requirements

§ 3837. License revocation and denial

§ 3838. Approval of life settlement contracts, disclosure statements, and related forms

§ 3839. Reporting requirements and privacy

§ 3840. Investigations and examinations

§ 3841. Disclosure to policy owner

§ 3842. Disclosure to insurer

§ 3843. General rules

§ 3844. Prohibited practices

§ 3845. Prohibited practices and conflicts of interest

§ 3846. Advertising for life settlements

§ 3847. Fraud prevention and control

§ 3848. Civil remedies, penalties, and enforcement

§ 3849. Adoption of rules

§ 3855. Establishment of accounts

§ 3856. Required contents of policy

§ 3857. Licensing

§ 3858. Powers of Commissioner

§ 3859. Grace; reinstatement; nonforfeiture