2018 US Code
Title 38 - Veterans' Benefits
Part II - General Benefits
Chapter 19 - Insurance
Subchapter II - United States Government Life Insurance
Sec. 1963 - Authority for payment of interest on settlements
| 38 U.S.C. § 1963 (2018) |
| §1963. Authority for payment of interest on settlements |
|
(a) Subject to subsection (b) of this section, the Secretary may pay interest on the proceeds of a United States Government Life Insurance policy from the date the policy matures to the date of payment of the proceeds to the beneficiary or, in the case of an endowment policy, to the policyholder. (b)(1) The Secretary may pay interest under subsection (a) of this section only if the Secretary determines that the payment of such interest is administratively and actuarially sound for the settlement option involved. (2) Interest paid under subsection (a) shall be at the rate that is established by the Secretary for dividends held on credit or deposit in policyholders' accounts. |
|
(Added Pub. L. 100–687, div. B, title XIV, §1401(a)(2), Nov. 18, 1988, 102 Stat. 4128, §763; renumbered §1963 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 763 of this title as this section and substituted "Secretary" for "Administrator" wherever appearing. EFFECTIVE DATESection effective with respect to insurance policies maturing after Nov. 18, 1988, see section 1401(a)(3) of Pub. L. 100–687, set out as a note under section 1928 of this title. |
| United States Code, 2018 Edition, 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. 1963 - Authority for payment of interest on settlements |
| section 1963 |
| 2018 |
| January 14, 2019 |
| Yes |
| standard |
| 102 Stat. 4128 105 Stat. 404-406 |
| Public Law 100-687, Public Law 102-83 |
