BS
Boise Standard
Treasure Valley · AI Directory
38 U.S.C. · Veterans' Benefits
38 U.S.C. § 1928

Authority for payment of interest on settlements

Ch. 19 — INSURANCE
Title 38 U.S.C. ● ACTIVE Primary Source Ch. 19
Statutory Text

38 U.S.C. § 1928 — Authority for payment of interest on settlements

U.S.C. Title 38 - VETERANS' BENEFITS 38 U.S.C. United States Code, 2023 Edition Title 38 - VETERANS' BENEFITS PART II - GENERAL BENEFITS CHAPTER 19 - INSURANCE SUBCHAPTER I - NATIONAL SERVICE LIFE INSURANCE Sec. 1928 - Authority for payment of interest on settlements From the U.S. Government Publishing Office, www.gpo.gov

§1928. 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 participating National Service Life Insurance, Veterans' Special Life Insurance, and Veterans Reopened 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) of this section shall be at the rate that is established by the Secretary for dividends held on credit or deposit in policyholders' accounts under the insurance program involved.

(Added Pub. L. 100–687, div. B, title XIV, §1401(a)(1), Nov. 18, 1988, 102 Stat. 4128, §728; renumbered §1928 and amended Pub. L. 102–83, §§4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404–406.)

Editorial Notes

Amendments 1991—Pub. L. 102–83 renumbered section 728 of this title as this section and substituted "Secretary" for "Administrator" wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date Pub. L. 100–687, div. B, title XIV, §1401(a)(3), Nov. 18, 1988, 102 Stat. 4129, provided that: "The amendments made by this subsection [enacting this section and section 763 [now 1963] of this title] shall take effect with respect to insurance policies maturing after the date of the enactment of this Act [Nov. 18, 1988]."

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC38-SEC-B03FB3
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
38 U.S.C. § 1928
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
a2422544640d48ce...
Semantic Edges
Pending — corpus passes queued
The statutory text of 38 U.S.C. § 1928 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 38
← 38 U.S.C. § 1927 38 U.S.C. § 1929 →
Ch. 19 — INSURANCE
38 U.S.C. § 190138 U.S.C. § 190238 U.S.C. § 190338 U.S.C. § 190438 U.S.C. § 190538 U.S.C. § 190638 U.S.C. § 190738 U.S.C. § 190838 U.S.C. § 190938 U.S.C. § 191038 U.S.C. § 191138 U.S.C. § 191238 U.S.C. § 191338 U.S.C. § 191438 U.S.C. § 191538 U.S.C. § 191638 U.S.C. § 191738 U.S.C. § 191838 U.S.C. § 191938 U.S.C. § 192038 U.S.C. § 192138 U.S.C. § 192238 U.S.C. § 1922A38 U.S.C. § 1922B38 U.S.C. § 192338 U.S.C. § 192438 U.S.C. § 192538 U.S.C. § 192638 U.S.C. § 192738 U.S.C. § 1928
38 U.S.C. — public domain ← All Legislation
◈ Provenance
boisestandard.org → United States → Law → U.S. Code → Title 38 → 38 U.S.C. § 1928