An act relating to updating and reorganizing the health insurance statutes in 8 V.S.A. chapter 107

Bill S 30 updates and reorganizes health insurance statutes in Vermont, primarily affecting health insurance policyholders and insurers. The bill establishes that, after three years from a policy's issue date, insurance companies generally cannot void the policy or deny claims based on applicant misstatements, unless those misstatements were fraudulent. Additionally, claims cannot be reduced or denied after three years due to pre-existing conditions not specifically excluded from coverage. This act also includes provisions for an "incontestable" clause in certain policies. The changes outlined in this act will take effect on September 1, 2025.