38 USC 1951: Payment of insurance
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38 USC 1951: Payment of insurance Text contains those laws in effect on November 4, 2024
From Title 38-VETERANS' BENEFITSPART II-GENERAL BENEFITSCHAPTER 19-INSURANCESUBCHAPTER II-UNITED STATES GOVERNMENT LIFE INSURANCE
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§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 .)


Editorial Notes

Amendments

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