38-U.S.C.-1929
§1929 – Authority to Adjust Premium Discount Rates
Pathway
Title 38 > Part II > Chapter 19 > Subchapter I > Section 1929
Details
- Reference: Section 1929
- Legend: §1929 – Authority to Adjust Premium Discount Rates
- USCode Year: 2013
Provision Content
(a) Notwithstanding sections 1902, 1923, and 1925 of this title and subject to subsection (b) of this section, the Secretary may from time to time adjust the discount rates for premiums paid in advance on National Service Life Insurance, Veterans’ Special Life Insurance, and Veterans Reopened Insurance.
(b)(1) In adjusting a discount rate pursuant to subsection (a) of this section, the Secretary may not set such rate at a rate lower than the rate authorized for the program of insurance involved under section 1902, 1923, or 1925 of this title.
(2) The Secretary may make an adjustment under subsection (a) of this section only if the Secretary determines that the adjustment is administratively and actuarially sound for the program of insurance involved.
(Added Pub. L. 100–687, div. B, title XIV, §1401(b)(1), Nov. 18, 1988, 102 Stat. 4129, §729; renumbered §1929 and amended Pub. L. 102–83, §§4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404–406.)
Amendments
1991—Pub. L. 102–83, §5(a), renumbered section 729 of this title as this section.
Pub. L. 102–83, §5(c)(1), substituted 1902, 1923, and 1925 for 702, 723, and 725 in subsec. (a) and 1902, 1923, or 1925 for 702, 723, or 725 in subsec. (b)(1).
Pub. L. 102–83, §4(b)(1), (2)(E), substituted Secretary for Administrator wherever appearing.
Effective Date
Pub. L. 100–687, div. B, title XIV, §1401(b)(2), Nov. 18, 1988, 102 Stat. 4129, provided that: The amendment made by paragraph (1) [enacting this section] shall take effect with respect to premiums paid after the date of the enactment of this Act [Nov. 18, 1988].
U.S. Encyclopedia of Law Coverage
38-U.S.C.-1919 in the Legal Encyclopedia: Veterans
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38-U.S.C.-1927 in the Legal Encyclopedia: Life Insurance
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38-U.S.C.-1916 in the Legal Encyclopedia: Insurance
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38-U.S.C.-1927 in the Legal Encyclopedia: Benefits
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