Amount of insurance

  1. Law
  2. USC 38
  3. Veterans' Benefits
  4. GENERAL BENEFITS
  5. INSURANCE
  6. UNITED STATES GOVERNMENT LIFE INSURANCE
  7. Amount of insurance

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§1941. Amount of insurance

United States Government life insurance shall be issued against death or total permanent disability in any multiple of $500 and not less than $1,000 or more than $10,000. No person may carry a combined amount of National Service Life Insurance and United States Government life insurance in excess of $10,000 at any one time. The limitations of this section shall not apply to the additional paid up insurance the purchase of which is authorized under section 1907 of this title.

( Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1158 , §741; Pub. L. 92–188, §1, Dec. 15, 1971, 85 Stat. 645 ; renumbered §1941 and amended Pub. L. 102–83, §5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406 .)

Amendments

1991-Pub. L. 102–83 renumbered section 741 of this title as this section and substituted "1907" for "707".

1971-Pub. L. 92–188 made section limitations inapplicable to the additional paid up insurance purchase of which is authorized under section 707 of this title.

Effective Date of 1971 Amendment

Amendment by Pub. L. 92–188 effective on date established by Administrator but in no event later than first day of first calendar month beginning more than six calendar months after Dec. 15, 1971, see section 4 of Pub. L. 92–188, set out as a note under section 1907 of this title.


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