§ 1951. Payment of insurance

102 words·~1 min read·/usc/title-38/section-1951

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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.

(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.)

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Pub. L. 85–857
72 Stat. 1161
Pub. L. 102–83
105 Stat. 404–406
section 751 of this title

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§ 1951

Payment of insurance

Pub. L.Pub. L. 85–857

Stat.72 Stat. 1161

Pub. L.Pub. L. 102–83

Stat.105 Stat. 404–406

Citesection 751 of this title

Cites 5Cited by 0 across 0 sources