38-U.S.C.-1951
§1951 – Payment of Insurance
Pathway
Title 38 > Part II > Chapter 19 > Subchapter II > Section 1951
Details
- Reference: Section 1951
- Legend: §1951 – Payment of Insurance
- USCode Year: 2013
Provision Content
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.)
Amendments
1991—Pub. L. 102–83 renumbered section 751 of this title as this section and substituted Secretary for Administrator.
U.S. Encyclopedia of Law Coverage
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