Section 12530 - Payment of benefits(a) COMMENCEMENT OF PAYMENT.-An insured member who serves in excess of 30 days of covered service shall be paid the amount to which such member is entitled on a monthly basis beginning not later than one month after the 30th day of covered service.(b) METHOD OF PAYMENT.-The Secretary shall prescribe in the regulations the manner in which payments shall be made to the member or to a person designated in accordance with subsection (c).(c) DESIGNATED RECIPIENTS.-(1) A member may designate in writing another person (including a spouse, parent, or other person with an insurable interest, as determined in accordance with the regulations prescribed by the Secretary) to receive payments of insurance benefits under the insurance program.(2) A member may direct that payments of insurance benefits for a person designated under paragraph (1) be deposited with a bank or other financial institution to the credit of the designated person.(d) RECIPIENTS IN EVENT OF DEATH OF INSURED MEMBER.-Any insurance payable under the insurance program on account of a deceased member's period of covered service shall be paid, upon the establishment of a valid claim, to the beneficiary or beneficiaries which the deceased member designated in writing. If no such designation has been made, the amount shall be payable in accordance with the laws of the State of the member's domicile.Added Pub. L. 104-106, div. A, title V, §512(a)(1), Feb. 10, 1996, 110 Stat. 304. - spouse
- "spouse" means husband or wife, as the case may be.
- Secretary
- The term "Secretary" means the Secretary of Defense.
- covered service
- The term "covered service" means active duty performed by a member of a reserve component under an order to active duty for a period of more than 30 days which specifies that the member's service-(A) is in support of an operational mission for which members of the reserve components have been ordered to active duty without their consent; or(B) is in support of forces activated during a period of war declared by Congress or a period of national emergency declared by the President or Congress.
- insurance program
- The term "insurance program" means the Ready Reserve Mobilization Income Insurance Program established under section 12522 of this title.
- insured member
- The term "insured member" means a member of the Ready Reserve who is enrolled for coverage under the insurance program in accordance with section 12524 of this title.