2017 US Code
Title 38 - Veterans' Benefits
Part II - General Benefits
Chapter 19 - Insurance
Subchapter II - United States Government Life Insurance
Sec. 1944 - Policy provisions
| 38 U.S.C. § 1944 (2017) |
| §1944. Policy provisions |
|
(a) Provisions for maturity at certain ages, for continuous installments during the lifetime of the insured or beneficiaries, or both, for refund of premiums, cash, loan, paid-up and extended values, dividends from gains and savings, and such other provisions for the protection and advantage of and for alternative benefits to the insured and the beneficiaries as may be found to be reasonable and practicable may be provided for in insurance contracts or from time to time by regulations. (b) All calculations on insurance shall be based upon the American Experience Table of Mortality and interest at 3½ percent per annum, except that no deduction shall be made for continuous installments during the life of the insured in case the insured's total and permanent disability continues more than two hundred and forty months. (c) On and after July 19, 1939, the rate of interest charged on any loan secured by a lien on insurance shall not exceed 5 percent per annum. |
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(Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1158, §744; Pub. L. 97–295, §4(26), Oct. 12, 1982, 96 Stat. 1307; Pub. L. 99–576, title VII, §701(30), Oct. 28, 1986, 100 Stat. 3293; renumbered §1944, Pub. L. 102–83, §5(a), Aug. 6, 1991, 105 Stat. 406.) |
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AMENDMENTS
1991—Pub. L. 102–83 renumbered section 744 of this title as this section. 1986—Subsec. (b). Pub. L. 99–576 substituted "the insured's" for "his". 1982—Subsecs. (b), (c). Pub. L. 97–295 substituted "percent" for "per centum". |
| United States Code, 2012 Edition, Supplement 5, Title 38 - VETERANS' BENEFITS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 38 - VETERANS' BENEFITS PART II - GENERAL BENEFITS CHAPTER 19 - INSURANCE SUBCHAPTER II - UNITED STATES GOVERNMENT LIFE INSURANCE Sec. 1944 - Policy provisions |
| section 1944 |
| 2017 |
| January 12, 2018 |
| Yes |
| standard |
| 72 Stat. 1158 96 Stat. 1307 100 Stat. 3293 105 Stat. 406 |
| Public Law 85-857, Public Law 97-295, Public Law 99-576, Public Law 102-83 |
