Federal Register Extracts
Agency: "
SUMMARY: The
DATES: Comments must be received on or before
ADDRESSES: Comments may be submitted through www.regulations.gov. Comments should indicate that they are submitted in response to "RIN 2900-AR53--National Service Life Insurance--
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION: Section 1922B of title 38, United States Code, requires
1. Definition of Part 8 Terms
Guardian
Current 38 CFR 8.0(e) defines the term "guardian" to mean "any representative certified by the appropriate
Application for Insurance Issued Under 38 U.S.C. 1922B
Beneficiary
2. Effective Date for an Insurance Policy Issued Under 38 U.S.C. 1922(a) or 1922B
Current 38 CFR 8.1(b) states that the effective date of an insurance policy that is issued under 38 U.S.C. 1922(a) is the date that a valid application and premium payment are delivered to
Current paragraph (c) provides three different options for SDVI policyholders to choose as an effective date other than the date of delivery described in paragraph (b).
3. Provisions During Waiting Period
Section 1922B(c)(3)(A) states that if a veteran dies during the two-year period described in paragraph (2), the Secretary shall pay to the beneficiary of the veteran the amount of premiums paid by the veteran under this section, plus interest.
4. Calculation of Time Period and Veteran's Age
--This is a summary of a
Proposed rule.
CFR Part: "38 CFR Part 8"
RIN Number: "RIN 2900-AR53"
Citation: "87 FR 42118"
Federal Register Page Number: "42118"
"Proposed Rules"
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