§ 1918. Assignments

443 words·~2 min read·/usc/title-38/section-1918

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(a)Assignments of all or any part of the beneficiary’s interest may be made by a designated beneficiary to a widow, widower, child, father, mother, grandfather, grandmother, brother, or sister of the insured, when the designated contingent beneficiary, if any, joins the beneficiary in the assignment, and if the assignment is delivered to the Secretary before any payments of the insurance shall have been made to the beneficiary. However, an interest in an annuity, when assigned, shall be payable in equal monthly installments in such multiple of twelve as most nearly equals the number of installments certain under such annuity, or in two hundred and forty installments, whichever is the lesser. The provisions of this subsection shall not be applicable to insurance maturing after July 26, 1962.

(b)Except as to insurance granted under the provisions of section 1922(b) of this title, any person to whom insurance maturing after July 26, 1962, is payable may assign all or any portion of such person’s interest in such insurance to a widow, widower, child, father, mother, grandfather, grandmother, brother, or sister of the insured when the designated contingent beneficiary, if any, joins the beneficiary in the assignment. Such joinder shall not be required in any case in which the insurance proceeds are payable in a lump sum.

(Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1153, § 718; Pub. L. 87–557, § 1, July 27, 1962, 76 Stat. 245; Pub. L. 96–128, title III, § 304, Nov. 28, 1979, 93 Stat. 986; Pub. L. 97–295, § 4(24), Oct. 12, 1982, 96 Stat. 1306; renumbered § 1918 and amended Pub. L. 102–83, §§ 4(a)(2)(A)(iii)(III), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 403, 406.)

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U.S. Code

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Pub. L. 85–857
72 Stat. 1153
Pub. L. 87–557, § 1
76 Stat. 245
Pub. L. 96–128, title III, § 304
93 Stat. 986
Pub. L. 97–295, § 4(24)
96 Stat. 1306
Pub. L. 102–83
105 Stat. 403
Pub. L. 102–83, § 5(a)
section 718 of this title
Pub. L. 102–83, § 4(a)(2)(A)(iii)(III)
Pub. L. 102–83, § 5(c)(1)
Pub. L. 97–295
Pub. L. 96–128
Pub. L. 87–557
section 601(b) of Pub. L. 96–128

Citation graph

cites case law

§ 1918

Assignments

U.S.C.§ 1922

U.S.C.§ 1114

Pub. L.Pub. L. 85–857

Stat.72 Stat. 1153

Pub. L.Pub. L. 87–557, § 1

Stat.76 Stat. 245

Pub. L.Pub. L. 96–128, title III, § 304

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