Vermont § 4021 - Termination of coverage
Full text of Vermont Vermont Statutes Online § 4021 — Termination of coverage, with citation guidance and answers to common questions.
§ 4021. Termination of coverage
- (a)(1) A major medical insurance policy issued by a health insurer that insures employees,
members, or subscribers for hospital and medical insurance on an expense-incurred,
service, or prepaid basis shall: (A) provide notice to the policyholder or other responsible party of any premium payment
due on a policy at least 21 days before the due date; and (B) provide a grace period of at least one month for the payment of each premium falling
due after the first premium, during which grace period the plan shall continue in
force and the issuer of the plan shall be liable for valid claims for covered losses
incurred prior to the end of the grace period. (2) If the issuer of a plan described subdivision (1) of this subsection does not receive
payment by the due date, the issuer shall send a termination notice to the policyholder
at least 21 days prior to termination notifying the policyholder that the issuer may
terminate the plan if payment is not received by the termination date. (3) The termination date of a plan described in subdivision (1) of this subsection shall
not be earlier than the day following the last day of the grace period set forth in
subdivision (1)(B) of this subsection.
Frequently Asked Questions About Vermont § 4021
What does Vermont Statutes Online § 4021 cover?
Section 4021 ("Termination of coverage") 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 § 4021?
A common citation format is "Vermont Statutes Online § 4021" (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 § 4021 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.