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38 U.S.C. § 1908 — Premium payments

submitted 68 years ago by Pub. L. 85-857 to r/title-38-VETERANS-BENEFITS · 175 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules for when insurance premiums must be paid and how payments affect coverage. It addresses nonpayment, grace periods, and related payment procedures.

The Secretary must, by regulations, prescribe the time and method of payment of the premiums on insurance, but payments of premiums in advance must not be required for periods of more than one month each, and may at the election of the insured be deducted from the insured’s active-service pay or be otherwise made. An amount equal to the first premium due under a National Service Life Insurance policy may be advanced from current appropriations for active-service pay to any person in the active service in the Army, Navy, Air Force, Marine Corps, Space Force, or Coast Guard, which amount must constitute a lien upon any service or other pay accruing to the person for whom such advance was made and must be collected therefrom if not otherwise paid. No disbursing or certifying officer must be responsible for any loss incurred by reason of such advance. Any amount so advanced in excess of available service or other pay must constitute a lien on the policy within the provisions of section 5301(b) of this title .

the actual law source: uscode.house.gov ↗public domain

The Secretary shall, by regulations, prescribe the time and method of payment of the premiums on insurance, but payments of premiums in advance shall not be required for periods of more than one month each, and may at the election of the insured be deducted from the insured’s active-service pay or be otherwise made. An amount equal to the first premium due under a National Service Life Insurance policy may be advanced from current appropriations for active-service pay to any person in the active service in the Army, Navy, Air Force, Marine Corps, Space Force, or Coast Guard, which amount shall constitute a lien upon any service or other pay accruing to the person for whom such advance was made and shall be collected therefrom if not otherwise paid. No disbursing or certifying officer shall be responsible for any loss incurred by reason of such advance. Any amount so advanced in excess of available service or other pay shall constitute a lien on the policy within the provisions of section 5301(b) of this title.

Source credit: (Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1149, § 708; Pub. L. 99–576, title VII, § 701(24), Oct. 28, 1986, 100 Stat. 3292; Pub. L. 102–40, title IV, § 402(d)(1), May 7, 1991, 105 Stat. 239; renumbered § 1908 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404–406; Pub. L. 116–283, div. A, title IX, § 926(e), Jan. 1, 2021, 134 Stat. 3831.)

history & why it existsrecord from the source credit
  • 1958Enacted · Pub. L. 85-857 · 72 Stat. 1149
  • 1986Amended · Pub. L. 99-576 · 100 Stat. 3292
  • 1991Amended · Pub. L. 102-40 · 105 Stat. 239
  • 1991Amended · Pub. L. 102-83 · 105 Stat. 404
  • 2021Amended · Pub. L. 116-283 · 134 Stat. 3831

A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-857 on 1958-09-02.

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