38 U.S.C. § 1951

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 1951 - Payment of insurance

United States Government life insurance, except as provided in this subchapter, shall be payable in two hundred and forty equal monthly installments. When the amount of an individual monthly payment is less than $5, such amount may in the discretion of the Secretary be allowed to accumulate without interest and be disbursed annually.

38 U.S.C. § 1951

Pub. L. 85-857, Sept. 2, 1958, 72 Stat. 1161, §751; renumbered §1951 and amended Pub. L. 102-83, §§4(b)(1), (2) (E), 5(a), Aug. 6, 1991, 105 Stat. 404-406.

EDITORIAL NOTES

AMENDMENTS1991- Pub. L. 102-83 renumbered section 751 of this title as this section and substituted "Secretary" for "Administrator".