2001 US Code
Title 50 - WAR AND NATIONAL DEFENSE
TITLE 50 - APPENDIX-WAR AND NATIONAL DEFENSE
SOLDIERS’ AND SAILORS’ CIVIL RELIEF ACT OF 1918
SOLDIERS’ AND SAILORS’ CIVIL RELIEF ACT OF 1940
Sec. 544 - Rights and privileges of insured during period of protection
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 1, Title 50 - WAR AND NATIONAL DEFENSE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 50 - WAR AND NATIONAL DEFENSE TITLE 50 - APPENDIX-WAR AND NATIONAL DEFENSE SOLDIERS’ AND SAILORS’ CIVIL RELIEF ACT OF 1940 ACT OCT. 17, 1940, CH. 888, 54 STAT. 1178 ARTICLE IV - INSURANCE Sec. 544 - Rights and privileges of insured during period of protection |
| Contains | section 544 |
| Date | 2001 |
| Laws in Effect as of Date | January 22, 2002 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Oct. 17, 1940, ch. 888, art. IV, §404, 54 Stat. 1184; Oct. 6, 1942, ch. 581, §13, 56 Stat. 775; Pub. L. 102-12, §9(15), Mar. 18, 1991, 105 Stat. 40. |
| Statutes at Large References | 54 Stat. 1178, 1184 56 Stat. 775 105 Stat. 40 |
| Public Law References | Public Law 102-12 |
§544. Rights and privileges of insured during period of protection
No dividend or other monetary benefit under a policy shall be paid to an insured or used to purchase dividend additions while a policy is protected by the provisions of this article [sections 540 to 548 of this Appendix] except with the consent and approval of the Secretary of Veterans Affairs. If such consent is not procured, such dividends or benefits shall be added to the value of the policy to be used as a credit when final settlement is made with the insurer. No cash value, loan value, or withdrawal of dividend accumulation, or unearned premium, or other value of similar character shall be available to the insured while the policy is protected under this article [said sections] except upon approval by the Secretary of Veterans Affairs. The insured's right to change a beneficiary designation or select an optional settlement for a beneficiary shall not be affected by the provisions of this article [said sections].
(Oct. 17, 1940, ch. 888, art. IV, §404, 54 Stat. 1184; Oct. 6, 1942, ch. 581, §13, 56 Stat. 775; Pub. L. 102–12, §9(15), Mar. 18, 1991, 105 Stat. 40.)
Amendments1991—Pub. L. 102–12 substituted “Secretary of Veterans Affairs” for “Veterans’ Administration” in two places.
1942—Act Oct. 6, 1942, amended section generally, substituting provisions relating to rights and privileges of insured during period of protection for provisions relating to applications on policies exceeding ,000.
Section Referred to in Other Sections
This section is referred to in title 5 section 5569.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
