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38 U.S.C. § 1946 — Dividends to pay premiums

submitted 68 years ago by Pub. L. 85-857 to r/title-38-VETERANS-BENEFITS · 66 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses Dividends to pay premiums. Its text sets out the provisions for that subject.

Until and unless the Secretary has received from the insured a request in writing for payment of dividends in cash or that the dividends be placed on deposit under the provisions of the insured’s policy, any regular annual dividends is applied in payment of premiums becoming due on insurance after the date the dividend is payable on or after December 31, 1958 .

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

Until and unless the Secretary has received from the insured a request in writing for payment of dividends in cash or that the dividends be placed on deposit in accordance with the provisions of the insured’s policy, any regular annual dividends shall be applied in payment of premiums becoming due on insurance after the date the dividend is payable on or after December 31, 1958.

Source credit: (Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1159, § 746; Pub. L. 99–576, title VII, § 701(30), Oct. 28, 1986, 100 Stat. 3293; renumbered § 1946 and amended Pub. L. 102–83, §§ 4(a)(2)(A)(iii)(V), 5(a), Aug. 6, 1991, 105 Stat. 403, 406.)

history & why it existsrecord from the source credit
  • 1958Enacted · Pub. L. 85-857 · 72 Stat. 1159
  • 1986Amended · Pub. L. 99-576 · 100 Stat. 3293
  • 1991Amended · Pub. L. 102-83 · 105 Stat. 403, 406

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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