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Form a Business

Third-party ownership

8 V.S.A. § 4018
in effect
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4018. Third-party ownership Nothing in this chapter shall be construed as preventing a person other than the covered individual with proper insurable interest from making application for and owning a policy covering the covered individual or from being entitled under such a policy to any indemnities, benefits, and rights provided in the policy. Recodified and amended 2025, No. 11, § 2, eff. September 1, 2025.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/08/107/04018Fetched: 10/21/2026

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