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account of class allottee amendments American Legion application Army allotment system August 9 beneficiary bill centum per annum class E allotments compounded annually cost of recovery covering current protection current insurance deducted Department discontinuances of allotments family allowances following the word handled insurance converted insurance interest compounded thereon letter Liberty bonds line 18 Major BOSCHEN Major Boschen's accounts ments month notice of discontinuance overpaid allotments overpaid class overpayment of allotment overpayments on account paid allotments paid for yearly paid those allot pay roll pay the premium payments permanently disabled policy was lapsed premium covering current promptly protection or mortality Provided further recover back reference to overpaid risk insurance act Risk Insurance Bureau ROBINSON Secretary Secretary of War Senator RALSTON statement subcommittee thereof totally disabled United States Army UNITED STATES SENATOR United States Veterans VINCENT voluntary allotment War Department war risk insurance Washington Barracks World War zone finance officer
Popular passages
Page 10 - Where any person has heretofore allowed his insurance to lapse, or canceled or reduced all or any part of such insurance, while suffering from a compensable disability for which compensation was not collected and dies or has died, or becomes or has become permanently and totally disabled and at the time of such death or permanent total disability was or is entitled to compensation remaining uncollected...
Page 10 - Provided further, That the Comptroller General of the United States is hereby authorized and directed to allow credit in the accounts of the disbursing clerk of the United States Veterans' Bureau for all payments of insurance installments hereafter made, without verification of the deduction on the pay rolls of such premiums as may have accrued prior to January 1, 1921, while the insured was in the service." Sec. 8. That section 409 of the war risk insurance act is hereby amended to read as follows:...
Page 10 - Provided, That the applicant's 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 World War...
Page 9 - That all premiums the payment of which when due is waived as above provided shall bear interest at the rate of 5 per centum per annum, compounded annually from the due date of each premium, and if not paid by the insured shall be deducted from the insurance in any settlement thereunder or when the same matures either because of permanent total disability or death...
Page 10 - In the event that all provisions of the rules and regulations other than the requirements as to the physical condition of the applicant...
Page 3 - It was brought into being through the necessity of having some means of promptly paying to the dependent families, ie, mothers, wives, etc., of enlisted men an amount monthly to be deducted from the soldier's pay. Later class E allotments were extended to officers for the same purpose, it being appreciated that in both the case of the officer and enlisted man, especially in foreign service, there would be a great delay in the transmission of funds from the station of the soldier. For instance, it...
Page 3 - Cong.) by members of the Officers' Reserve Corps." The Director of the Bureau of the Budget has been consulted and states that the proposed legislation is not in conflict with the financial program of the President. Respectfully, JOHN W. WEEKS, Secretary of War.
Page 6 - Yes, sir; because we have taken this matter up with the Secretary of War, and his letter there was approved by my office before it was sent to the committee. Mr. VINCENT. So that it appears from your testimony now that the statements contained in the letter of the Secretary of War were first gone over by your office, and are correct, so far as you know? Major BOSCHEN. Yes, sir. Mr.
Page 2 - Stat. 153), as precludes the recovery of an award of allotment or allowance, or both, paid to or on behalf of a person designated as beneficiary of an allotment under the war risk insurance act prior to August 9, > 1921, shall hereafter be applicable to allotments paid prior...
Page 10 - ... lapses whenever there is failure to pay the premium, and the portion thereof which is required to build up a reserve. Now, by this amendment I require the insured to pay the part of the premium when it is lapsed that is necessary to take care of the reserve before he can have his policy reinstated...