Amendments to the National Service Life Insurance Act, 1940: Hearings, Seventy-ninth Congress, Second Session, on H.R. 4965 (bill Revised and Later Introduced as H.R. 5773) and H.R. 2379 (bill Revised and Later Introduced as H.R. 5772) Bills to Amend the National Service Life Insurance Act, 1940, as Amended, and Related Bills and Other Legislative Bills and Proposals; Also Testimony Pertaining to H.R. 3114; H.R. 3522; H.R. 5149; H.R. 5574, February 28, March 1, 13, and 14, 1946Considers legislation to revise and expand the WWII servicemen's life insurance program, to revise the VA disability ratings schedule, and to extend the disabled veterans rehabilitation loan program. |
Other editions - View all
Common terms and phrases
650 proposes active service ALLEN amendatory Act American Legion amount ance application April 20 authorized automatic insurance protection bill BRADLEY BREINING CHAIRMAN child class of beneficiaries compensation Congress continue contract cost CUNNINGHAM deduction of premiums disability benefits Disabled American Veterans disabled veterans DOMENGEAUX enactment endowment equal monthly installments escheat extra hazard Government life insurance granted hazard of military hereby amended hospital Insurance Act KEARNEY KETCHUM KRAABEL lapse legislation loco parentis lump sum March 28 ment military or naval months non-service-connected October option organizations paid payable payment of premiums pension percent period permitted class person prior Public Law Rankin read as follows reinstatement schedule SCRIVNER Service Life Insurance settlement statement STEVENS subsection tion total disability total permanent disability United States Government Veterans of Foreign veterans of World waiver of premiums WALKER War Risk Insurance widow World War II World War Veterans
Popular passages
Page 33 - Article III, the United States, upon application to the bureau and without medical examination, shall grant insurance against the death or total permanent disability of any such person in any multiple of $500, and not less than $1,000 or more than $10,000, upon the payment of the premiums as hereinafter provided.
Page 39 - ... becomes or has become totally and permanently disabled or dies, or has died, without having applied for insurance, shall be deemed to have applied for and to have been granted insurance, payable to such person during his life in monthly installments of $25 each.
Page 2 - ... paid in such maximum number of monthly installments as are a multiple of twelve as will provide a monthly installment of not less than $10. If the present value of the amount payable at the time any person initially becomes entitled to payment thereof is not sufficient to pay at least twelve monthly installments of not less than $10 each, such amount shall be payable in one sum.
Page 41 - Policies issued hereunder upon application as provided in subsection (3) (A) or (B) shall be issued upon the same terms and conditions as are contained in the standard policies of National Service Life Insurance.
Page 45 - The director, subject to the general direction of the President, shall administer, execute, and enforce the provisions of this Act, and for that purpose...
Page 22 - Affairs to be guilty of mutiny, treason, sabotage, or rendering assistance to an enemy of the United States or of its allies, shall forfeit all accrued or future benefits under laws administered by the Veterans...
Page 93 - ... such insured shall be credited directly to the national service life-insurance appropriation and any disability payments made to such insured shall be made directly from the national service life-insurance appropriation: Provided further, That policies containing additional provisions for the payment of disability benefits may be separately classified for the purpose of dividend distribution from otherwise similar policies not containing such benefit.
Page 43 - In the event that it is found that an insured is no longer totally disabled, the waiver of premiums shall cease as of the date of such finding and the policy of insurance may be continued by payment of premiums as provided in said policy...
Page 3 - Government life insurance fund to the military and naval insurance appropriation the amount of the reserve held on account of the total disability benefit. When a person receiving such payments on account of total disability recovers from such disability, and is...
Page 93 - ... insurance policy. Such payments shall be effective as of the first day of the fifth consecutive month, and shall be made monthly during the continuance of such total disability. Such payments shall be concurrent with or independent of permanent and total disability benefits under the insurance policy.