§ 3702 - Other prohibited practices - Vermont Statutes

§ 3702. Other prohibited practices

A life insurance company doing business in the state or an agent thereof shall not:

1) issue a policy of insurance or make an agreement other than that plainly expressed in the policy issued to the insured;

(2) pay or allow, or offer to pay or allow, as an inducement to insurance, a rebate or premium payable on the policy;

(3) grant a special favor or advantage in the dividends or other benefits to accrue thereon; or

(4) provide any valuable consideration or inducement not specified in the policy. (1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 1, § 2).)