38 U.S.C. § 1929 — Authority to adjust premium discount rates
submitted 38 years ago by Pub. L. 100-687 to r/title-38-VETERANS-BENEFITS · 123 words · no verdicts yet
(a) Notwithstanding sections 1902, 1923, and 1925 of this title and subject to subsection (b) of this section, the Secretary may from time to time adjust the discount rates for premiums paid in advance on National Service Life Insurance, Veterans’ Special Life Insurance, and Veterans Reopened Insurance. (b) (1) In adjusting a discount rate under subsection (a) of this section, the Secretary may not set such rate at a rate lower than the rate authorized for the program of insurance involved under section 1902, 1923, or 1925 of this title.
(a) Notwithstanding sections 1902, 1923, and 1925 of this title and subject to subsection
(b) of this section, the Secretary* may from time to time adjust the discount rates for premiums paid in advance on National Service Life Insurance*, Veterans’ Special Life Insurance, and Veterans Reopened Insurance.
(b)
(1) In adjusting a discount rate under subsection
(a) of this section, the Secretary may not set such rate at a rate lower than the rate authorized for the program of insurance involved under section 1902, 1923, or 1925 of this title.
(2) The Secretary may make an adjustment under subsection
(a) of this section only if the Secretary decide that the adjustment is administratively and actuarially sound for the program of insurance involved.
Notwithstanding sections 1902, 1923, and 1925 of this title and subject to subsection (b) of this section, the Secretary* may from time to time adjust the discount rates for premiums paid in advance on National Service Life Insurance*, Veterans’ Special Life Insurance, and Veterans Reopened Insurance.
In adjusting a discount rate pursuant to subsection (a) of this section, the Secretary may not set such rate at a rate lower than the rate authorized for the program of insurance involved under section 1902, 1923, or 1925 of this title.
The Secretary may make an adjustment under subsection (a) of this section only if the Secretary determines that the adjustment is administratively and actuarially sound for the program of insurance involved.
Source credit: (Added Pub. L. 100–687, div. B, title XIV, § 1401(b)(1), Nov. 18, 1988, 102 Stat. 4129, § 729; renumbered § 1929 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404–406.)
- 1988Enacted · Pub. L. 100-687 · 102 Stat. 4129
- 1991Amended · Pub. L. 102-83 · 105 Stat. 404
A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-687 on 1988-11-18.
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