Group Insurance / Trust Agreements
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Vermont DFR Insurance Bulletins › Group Insurance › Trust Agreements
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Vermont Insurance Division
BULLETIN 61 Group Insurance/Trust Agreements
September 9, 1982
This Department continues to receive inquiries evidencing an apparent lack of
understanding regarding the marketing of Group Life and/or Accident and Health
Insurance in the State of Vermont, particularly with respect to out-of-state group or group
trust insurance programs.
Please be advised that in order for a life and/or accident and health insurance group
program to be considered a lawful transaction in Vermont, the group arrangement itself
must be one which is permissible under the group life and/or health statutes contained in
Title 8, V.S.A.(Please refer to chapters 103 and 107 thereof.)
It does not matter that the group arrangement or program complies with the group
insurance statutes in any other state if, in fact, the arrangement is not permissible under
Vermont Statutes.
Kindly acknowledge receipt of this Bulletin by written communication to this
Department. An extra copy of this Bulletin is enclosed for this purpose.
George A.Chaffee
COMMISSIONER OF BANKING AND INSURANCE
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.