Vermont § 3859 - Grace; reinstatement; nonforfeiture
Full text of Vermont Vermont Statutes Online § 3859 — Grace; reinstatement; nonforfeiture, with citation guidance and answers to common questions.
§ 3859. Grace; reinstatement; nonforfeiture
- (a) Except for subdivisions 3731(2), (7), (8), and (9) of this title, sections 3760-3773 of this title, inclusive, section 3813 of this title in the case of a variable life insurance policy, and section 3750 of this title in the case of a variable annuity contract, and except as otherwise provided in this
subchapter, all pertinent provisions of this title apply to separate accounts and
contracts relating thereto. Any individual variable life insurance contract delivered
or issued for delivery in this State shall contain grace, reinstatement, and nonforfeiture
provisions appropriate to such a contract. Any group variable life insurance contract
delivered or issued for delivery in this State shall contain grace provisions appropriate
to such a contract. (b) The reserve liability for variable contracts shall be established in accordance with
actuarial procedures that recognize the variable nature of the benefits provided and
any mortality guarantees. (Added 1971, No. 106, § 5, eff. April 22, 1971; amended 1981, No. 43, § 11, eff. April 21, 1981; 2019, No. 103 (Adj. Sess.), § 21.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3859
What does Vermont Statutes Online § 3859 cover?
Section 3859 ("Grace; reinstatement; nonforfeiture") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 3859?
A common citation format is "Vermont Statutes Online § 3859" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3859 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.