Payment of insurance

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

Checkout our iOS App for a better way to browser and research.

§1951. Payment of insurance

United States Government life insurance, except as provided in this subchapter, shall be payable in two hundred and forty equal monthly installments. When the amount of an individual monthly payment is less than $5, such amount may in the discretion of the Secretary be allowed to accumulate without interest and be disbursed annually.

( Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1161 , §751; renumbered §1951 and amended Pub. L. 102–83, §§4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404–406 .)

Amendments

1991-Pub. L. 102–83 renumbered section 751 of this title as this section and substituted "Secretary" for "Administrator".


Download our app to see the most-to-date content.