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50 U.S.C. · War and National Defense
50 U.S.C. § 3974

Policies entitled to protection and lapse of policies

Ch. 50 — SERVICEMEMBERS CIVIL RELIEF
Title 50 U.S.C. ● ACTIVE Primary Source Ch. 50
Statutory Text

50 U.S.C. § 3974 — Policies entitled to protection and lapse of policies

U.S.C. Title 50 - WAR AND NATIONAL DEFENSE 50 U.S.C. United States Code, 2023 Edition Title 50 - WAR AND NATIONAL DEFENSE CHAPTER 50 - SERVICEMEMBERS CIVIL RELIEF SUBCHAPTER IV - LIFE INSURANCE Sec. 3974 - Policies entitled to protection and lapse of policies From the U.S. Government Publishing Office, www.gpo.gov

§3974. Policies entitled to protection and lapse of policies

(a) Determination The Secretary of Veterans Affairs shall determine whether a policy is entitled to protection under this subchapter and shall notify the insured and the insurer of that determination. (b) Lapse protection A policy that the Secretary determines is entitled to protection under this subchapter shall not lapse or otherwise terminate or be forfeited for the nonpayment of a premium, or interest or indebtedness on a premium, after the date on which the application for protection is received by the Secretary. (c) Time application The protection provided by this subchapter applies during the insured's period of military service and for a period of two years thereafter.

(Oct. 17, 1940, ch. 888, title IV, §404, as added Pub. L. 108–189, §1, Dec. 19, 2003, 117 Stat. 2853.)

Editorial Notes

Codification Section was formerly classified to section 544 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

Prior Provisions A prior section 404 of act Oct. 17, 1940, ch. 888, art. IV, 54 Stat. 1184; Oct. 6, 1942, ch. 581, §13, 56 Stat. 775; Pub. L. 102–12, §9(15), Mar. 18, 1991, 105 Stat. 40, related to restrictions on payment of dividends and insured's right to change beneficiary, prior to the general amendment of this Act by Pub. L. 108–189. See section 3975 of this title.

Statutory Notes and Related Subsidiaries

Effective Date Section applicable to any case not final before Dec. 19, 2003, see section 3 of Pub. L. 108–189, set out as a note under section 3901 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 50 U.S.C. § 3974 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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Ch. 50 — SERVICEMEMBERS CIVIL RELIEF
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