Vermont § 4105 - Amount of insurance
Full text of Vermont Vermont Statutes Online § 4105 — Amount of insurance, with citation guidance and answers to common questions.
§ 4105. Amount of insurance
- (a) Credit life insurance. The amount of credit life insurance shall not exceed the initial indebtedness. Where
an indebtedness repayable in substantially equal installments is secured by an individual
policy of credit life insurance the amount of insurance shall at no time exceed the
scheduled amount of indebtedness and, where secured by a group policy of credit life
insurance shall at no time exceed the amount of unpaid indebtedness. Notwithstanding
the provisions of this subsection, agricultural loans not exceeding one year may be
written up to the amount of the loan commitment on a nondecreasing or level term plan. (b) Credit accident and health insurance. The amount of periodic indemnity payable by credit accident and health insurance in
the event of disability, as defined in the policy, shall not exceed the aggregate
of the periodic scheduled unpaid installments of indebtedness and shall not exceed
the original indebtedness divided by the number of periodic installments. (Added 1959, No. 221, § 4.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4105
What does Vermont Statutes Online § 4105 cover?
Section 4105 ("Amount of insurance") 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 § 4105?
A common citation format is "Vermont Statutes Online § 4105" (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 § 4105 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.