§ 4018.
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/vt/title-8/chapter-107/4018A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 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.)