Insurance; World War Veterans' Legislation: Hearings Before the Subcommittee on Insurance, Seventieth Congress, First Session on H.R. 8333 |
Common terms and phrases
amended American Legion apply attorney beneficiary bill bureau Captain MILLER cent Chairman claim claimant clause committee compensation Comptroller Congress CONNERY contract converted insurance cost course court death director district District of Columbia endowment policy ex-service fact filed Government insurance Government life insurance Government policy HAMMITT HINES insurable risk insurance companies insurance fund insurance policy interest JEFFERS KIRBY lapsed legislation liability life-insurance MACFARLANE MACLEAN Maher matter ment months mortality MURPHY paid payable payment period PERKINS permanent total disability permanently and totally person policyholders POSEY premium question Randolph Perkins reason regular companies regulations reinstatement and conversion renewable term insurance risk insurance Schwalby Silberschein SMITH statement statute of limitations subcommittee suits surance thing tion total and permanent trust United States Government United States Veterans VINCENT war risk war-risk insurance World War veterans yearly renewable term
Popular passages
Page 17 - That the United States shall bear the expenses of administration and the excess mortality and disability cost resulting from the hazards of war. The premium rates shall be the net rates based upon the American Experience Table of Mortality and interest at three and one-half per centum per annum.
Page 2 - Subject to regulations, the insured shall at all times have the right to change the beneficiary or beneficiaries of such insurance without the consent of such beneficiary or beneficiaries, but only within the classes herein provided.
Page 178 - SEC. 401. That such insurance must be applied for within one hundred and twenty days after enlistment or after entrance into or employment in the active service and before discharge or resignation, except that those persons who are in the active war service at the time of the publication of the terms and conditions of such contract of insurance may apply at any time within one hundred and twenty days thereafter and while in such service.
Page 3 - Government life insurance (converted insurance), the applicant shall be required to pay all of the back monthly premiums which would have become payable if such insurance had not lapsed, together with interest at the rate of 5 per centum per annum, compounded annually, on each premium from the date said premium is due by the terms of the policy...
Page 157 - Where any person has heretofore allowed his insurance to lapse, or has 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, then and in that event so much of his insurance as said uncollected compensation, computed...
Page 202 - If the Government of the United States shall put in issue the right of the plaintiff to recover, the court may, in its discretion, allow costs to the prevailing party from the time of joining such issue. Such costs, however, shall include only what if actually incurred for witnesses, and for summoning the same, and fees paid to the clerk of the court.
Page 1 - ... the time and method of payment of the premiums thereon, but payments of premiums in advance shall not be required for periods of more than one month each, and may be deducted from the pay or deposit of the insured or be otherwise made at his election.
Page 178 - ... 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 - The insurance, except as provided herein, shall be payable in two hundred and forty equal monthly installments : Provided, That when the amount of an individual monthly payment is less than $5 such amount may in the discretion of the director be allowed to accumulate without interest and be disbursed annually.
Page 1 - Regulations shall provide for the right to convert into ordinary life, twenty-payment life, endowment maturing at age sixty-two and into other usual forms of insurance...