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38 U.S.C. · Veterans' Benefits
38 U.S.C. § 1963

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. § 1963 — 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 II - UNITED STATES GOVERNMENT LIFE INSURANCE Sec. 1963 - Authority for payment of interest on settlements From the U.S. Government Publishing Office, www.gpo.gov

§1963. 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 United States Government Life 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) shall be at the rate that is established by the Secretary for dividends held on credit or deposit in policyholders' accounts.

(Added Pub. L. 100–687, div. B, title XIV, §1401(a)(2), Nov. 18, 1988, 102 Stat. 4128, §763; renumbered §1963 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 763 of this title as this section and substituted "Secretary" for "Administrator" wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date Section effective with respect to insurance policies maturing after Nov. 18, 1988, see section 1401(a)(3) of Pub. L. 100–687, set out as a note under section 1928 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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BS-USC38-SEC-2B0045
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boisestandard.org
Citation
38 U.S.C. § 1963
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36dc8ac7593153e3...
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The statutory text of 38 U.S.C. § 1963 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).
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← 38 U.S.C. § 1962 38 U.S.C. § 1965 →
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
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