Issuance of coverage under section 1922B of title 38 U.S.C. following additional elections.

§ 8.36 Issuance of coverage under section 1922B of title 38 U.S.C. following additional elections. An insured who elects less than the maximum amount of VALife coverage under 38 U.S.C. 1922B(a)(4)(A) shall remain eligible to purchase additional VALife coverage up to the VALife statutory maximum. Any insured who elects to apply for additional VALife coverage shall be subject to the two-year waiting period imposed by 38 U.S.C. 1922B(c)(2) before such additional VALife coverage is in force. (Authority: 38 U.S.C. 501, 1901–1929, 1981–1988) (The Office of Management and Budget has approved the information collection provisions in this section under control number 2900–0906.) [87 FR 73654, Dec. 1, 2022]