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" ... 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... "
Hearings - Page 10
by United States. Congress. House. Committee on World War Veterans' Legislation - 1924
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World War Veterans' Legislation. Hearing ... on H.R. 7845 and H.R. 8869 ...

United States. Congress. House. Committee on World War Veterans' Legislation - 1924 - 12 pages
...lapsed that is necessary to take care of the reserve before he can have his policy reinstated; out I maintain that the insured should not be required...pay the premium for the current insurance when the Government, during the period when the policy was lapsed, had no liability whatever on the policy....
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