50 U.S.C. § 3972 — Insurance rights and protections
submitted 86 years ago by Pub. L. 108-189 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 160 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The rights and protections under this subchapter apply to the insured* when—
the insured,
the insured’s legal representative, or
the insured’s beneficiary in the case of an insured who is outside a State*,
applies in writing for protection under this subchapter, unless the Secretary of Veterans Affairs determines that the insured’s policy* is not entitled to protection under this subchapter.
The Secretary of Veterans Affairs shall notify the Secretary concerned* of the procedures to be used to apply for the protections provided under this subchapter. The applicant shall send the original application to the insurer* and a copy to the Secretary of Veterans Affairs.
The total amount of life insurance coverage protection provided by this subchapter for a servicemember* may not exceed $250,000, or an amount equal to the Servicemember’s Group Life Insurance maximum limit, whichever is greater, regardless of the number of policies submitted.
Source credit: (Oct. 17, 1940, ch. 888, title IV, § 402, as added Pub. L. 108–189, § 1, Dec. 19, 2003, 117 Stat. 2852.)
- 1940Enacted · Pub. L. 108-189 · 117 Stat. 2852
A history note hasn’t been published yet. The record shows enactment by Pub. L. 108-189 on 1940-10-17.
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