World War Veterans' Legislation. Hearing ... on H.R. 7845 and H.R. 8869 Bills to Amend Section 210 of War Risk Insurance Act |
Common terms and phrases
account of class allottee amendments American Legion application Army allotment system August 9 authorized and directed 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 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 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 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 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 2 - B allotments, and I submit the following draft of legislation to accomplish this purpose, with the recommendation that the same be enacted into law at an early date: "That so much of section 210 of the war risk insurance act, as amended by the act of; August 9, 1921 (42 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...
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 10 - Bureau is hereby authorized and directed to pay to said soldier, or his beneficiaries as the case may be the amount of said insurance less the unpaid premiums and interest thereon at 5 per centum per annum compounded annually in installments as provided by law.
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 3 - Mr. VINCENT. Will you go ahead and explain what class E allotments are? Major BOSCHEN. The class E allotment, as such, has been in existence for close on to 20 years. 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...
Page 5 - I knew was when an officer came to me and showed me a notice that I had been reported as missing in action, and I saw a letter from The Adjutant General stating how sorry the War Department was that I had been killed. I am very much alive, and I had an allotment running. That is a good example showing how it works out.
Page 4 - The CHAIRMAN. That was for one month? Major BOSCHEN. Yes, sir; for one month. That was the peak month. For the war period the number of allotments actually paid was 6, 340,097, representing a money value of $156,746,761.77. I quote these figures to show you the size of this activity.
Page 3 - ... make a statement concerning this matter as it appears to his office, and to answer such questions as the members of the committee may see fit to ask him. With your permission, I will ask the major to state his name and his present official position. STATEMENT OF MAJ. FRED W. BOSCHEN, FINANCE OFFICER, UNITED STATES ARMY Major BOSCHEN.