Vermont § 4477 - Beneficiaries
Full text of Vermont Vermont Statutes Online § 4477 — Beneficiaries, with citation guidance and answers to common questions.
§ 4477. Beneficiaries
- (a) The member shall have the right at all times to change the beneficiary or beneficiaries
in accordance with the constitution, laws, or rules of the society. Every society
by its constitution, laws, or rules may limit the scope of beneficiaries and shall
provide that no beneficiary shall have or obtain any vested interest in the proceeds
of any certificate until the certificate has become due and payable in conformity
with the provisions of the insurance contract. (b) A society may provide for the payment of funeral benefits to the extent of such portion
of any payment under a certificate as might reasonably appear to be due to any person
equitably entitled to such benefits by reason of having incurred expense occasioned
by the burial of the member, provided the portion paid shall not exceed the sum of
$500.00. (c) If, at the death of any member, there is no lawful beneficiary to whom the insurance
benefits are payable, the amount of the benefits, except to the extent that funeral
benefits may be paid as provided in this section, shall be payable to the personal
representative of the deceased member. (Added 1959, No. 197, § 17, eff. Nov. 22, 1959; amended 2021, No. 105 (Adj. Sess.), § 192, eff. July 1, 2022.)
Frequently Asked Questions About Vermont § 4477
What does Vermont Statutes Online § 4477 cover?
Section 4477 ("Beneficiaries") 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 § 4477?
A common citation format is "Vermont Statutes Online § 4477" (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 § 4477 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.