Vermont Statutes Annotated
Vt. Stat. Ann. tit. 08, § 3702 (2026)
Other prohibited practices
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Subchapter 001 : GENERALLY
(Cite as: 8 V.S.A. § 3702)-
§ 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. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 1, § 2).)
Notes of Decisions
Cited in 2
cases, 1974–1997 · leading case: Ins. Comm'r for the State v. Engelman, 692 A.2d 474 (Md. 1997).
Ins. Comm'r for the State v. Engelman, 692 A.2d 474 (Md. 1997). “§ 31A-23-302; Vt. Stat. Ann. tit. 8, §§ 3702 , 3861, 4085, 4724; Va.”
Coll. Park Credit Corp. v. Carver, 322 A.2d 305 (Vt. 1974). “Defendant offered an affidavit to the effect that Evans, an insurance salesman, arranged a loan for the first year premium, failed to tell him that he would owe two years’ premium at the end of the first year, and that it was unlawful under 8 V.S.A. § 3702 for an insurance…”
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