38-U.S.C.-1959
§1959 – Waiver of Disability For Reinstatement
Pathway
Title 38 > Part II > Chapter 19 > Subchapter II > Section 1959
Details
- Reference: Section 1959
- Legend: §1959 – Waiver of Disability For Reinstatement
- USCode Year: 2013
Provision Content
(a) In the event that all provisions of the rules and regulations other than the requirements as to the physical condition of the applicant have been complied with, an application for reinstatement, in whole or in part, of lapsed United States Government life insurance may be approved if made within two years after the date of lapse and if the applicants disability is the result of an injury or disease, or of an aggravation thereof, suffered or contracted in the active military or naval service during the period beginning April 6, 1917, and ending July 2, 1921, and the applicant during the applicants lifetime submits proof satisfactory to the Secretary showing that the applicant is not totally and permanently disabled. As a condition to the acceptance of an application for reinstatement under this section, the applicant shall be required to pay all the back monthly premiums which would have become payable if such insurance had not lapsed, together with interest at the rate of 5 per centum per annum, compounded annually, on each premium from the date said premium is due by the terms of the policy.
(b) Premium liens established under the provisions of section 304 of the World War Veterans’ Act, 1924, shall continue to bear interest at the rate of 5 per centum per annum, compounded annually, and will be deducted from any settlement of insurance to which they are attached.
(Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1163, §759; Pub. L. 99–576, title VII, §701(33), Oct. 28, 1986, 100 Stat. 3293; renumbered §1959 and amended Pub. L. 102–83, §§4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404–406.)
References in Text
Section 304 of the World War Veterans Act, 1924, referred to in subsec. (b), is section 304 of act June 7, 1924, ch. 320, title III, 43 Stat. 625, which enacted section 515 of former Title 38, Pensions, Bonuses, and Veterans’ Relief, and which was repealed and the provisions thereof reenacted as this section by Pub. L. 85–857, §14(51), Sept. 2, 1958, 72 Stat. 1271.
Amendments
1991—Pub. L. 102–83 renumbered section 759 of this title as this section and substituted Secretary for Administrator in subsec. (a).
1986—Subsec. (a). Pub. L. 99–576 substituted the applicants for his and the applicant for he.
U.S. Encyclopedia of Law Coverage
38-U.S.C.-1952 in the Legal Encyclopedia: Veterans
In this entry about 38-U.S.C.-1952, find legal reference material, bibliographies and premiere content related to veterans in the American Encyclopedia of Law, presenting a comprehensive view of the United States veterans-specific issues, written by authorities in the field.
38-U.S.C.-1927 in the Legal Encyclopedia: Life Insurance
In this entry about 38-U.S.C.-1927, find legal reference material, bibliographies and premiere content related to life insurance in the American Encyclopedia of Law, presenting a comprehensive view of the United States life insurance-specific issues, written by authorities in the field.
38-U.S.C.-1949 in the Legal Encyclopedia: Insurance
In this entry about 38-U.S.C.-1949, find legal reference material, bibliographies and premiere content related to insurance in the American Encyclopedia of Law, presenting a comprehensive view of the United States insurance-specific issues, written by authorities in the field.
38-U.S.C.-1927 in the Legal Encyclopedia: Benefits
In this entry about 38-U.S.C.-1927, find legal reference material, bibliographies and premiere content related to benefits in the American Encyclopedia of Law, presenting a comprehensive view of the United States benefits-specific issues, written by authorities in the field.
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