§ 4474. Benefits
(a) A society authorized to do business in this State may provide for the payment of:
(1) death benefits in any form;
(2) endowment benefits;
(3) annuity benefits;
(4) temporary or permanent disability benefits as a result of disease or accident;
(5) hospital, medical, or nursing benefits due to sickness or bodily infirmity or accident;
(6) monument or tombstone benefits to the memory of deceased members not exceeding in any case the sum of $300.00; and
(b) Such benefits may be provided on the lives of members or upon application of a member, on the lives of the member’s family, including the member, the member’s spouse and minor children, in the same or separate certificates. (Added 1959, No. 197, § 14, eff. Nov. 22, 1959.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 121 - Fraternal Benefit Societies
§ 4461. Fraternal benefit societies defined
§ 4463. Representative form of government defined
§ 4465. Corporate powers retained
§ 4466. Existing voluntary associations; may incorporate
§ 4467. Location of office; place of meeting
§ 4468. Consolidations and mergers
§ 4469. Conversion of fraternal benefit society into mutual life insurance company
§ 4470. Qualifications for membership
§ 4471. Articles of incorporation, constitution, and laws; amendments
§ 4475. Benefits on lives of children
§ 4476. Nonforfeiture benefits, cash surrender values, certificate loans, and other options
§ 4478. Benefits not attachable
§ 4480. Provisions, standard and prohibited
§ 4485. Foreign or alien society; admission
§ 4486. Injunction; liquidation; receivership of domestic society
§ 4487. Suspension, revocation or refusal of license of foreign or alien society
§ 4494. Reports and valuations
§ 4495. Examination of domestic societies
§ 4496. Examination of foreign and alien societies
§ 4497. No adverse publications
§ 4499. Discrimination and rebates