§ 1966. Eligible insurance companies
377 words·~2 min read·
/usc/title-38/section-1966A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The Secretary is authorized, without regard to section 6101(b) to
(d)of title 41, to purchase from one or more life insurance companies a policy or policies of group life insurance to provide the benefits specified in this subchapter. Each such life insurance company must
(1)be licensed to issue life insurance in each of the fifty States of the United States and in the District of Columbia, and
(2)as of the most recent December 31 for which information is available to the Secretary, have in effect at least 1 percent of the total amount of group life insurance which all life insurance companies have in effect in the United States.
(b)The life insurance company or companies issuing such policy or policies shall establish an administrative office at a place and under a name designated by the Secretary.
(c)The Secretary shall arrange with the life insurance company or companies issuing any policy or policies under this subchapter to reinsure, under conditions approved by the Secretary, portions of the total amount of insurance under such policy or policies with such other life insurance companies (which meet qualifying criteria set forth by the Secretary) as may elect to participate in such reinsurance.
(d)The Secretary may at any time discontinue any policy or policies which the Secretary has purchased from any insurance company under this subchapter.
(Added Pub. L. 89–214, § 1(a), Sept. 29, 1965, 79 Stat. 880, § 766; amended Pub. L. 97–295, § 4(29), Oct. 12, 1982, 96 Stat. 1307; Pub. L. 99–576, title VII, § 701(36), Oct. 28, 1986, 100 Stat. 3293; renumbered § 1966 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404–406; Pub. L. 111–350, § 5(j)(2), Jan. 4, 2011, 124 Stat. 3850.)
Connections37 cite this · traces to 1
Cited by 37 sections · top 18
U.S. Code
- § 1968Duration and termination of coverage; conversion
- § 1967Persons insured; amount
- § 1977Veterans’ Group Life Insurance
- § 1970Beneficiaries; payment of insurance
- § 1965Definitions
- § 1969Deductions; payment; investment; expenses
- § 1980ATraumatic injury protection
- § 1971Basic tables of premiums; readjustment of rates
- § 1972Benefit certificates
register
- Proposed RulesProposed rule
- NoticesNotice
- NoticesFinal rule
- Rules and RegulationsInterim final rule
- Proposed RulesProposed rule
- NoticesFinal rule
- Rules and RegulationsNotice SUMMARY: The Veterans Benefits Administration (VBA), Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency
- NoticesFinal rule
Traces to 1 document
U.S. Code
15 references not yet in our index
- Pub. L. 89–214, § 1(a)
- 79 Stat. 880
- Pub. L. 97–295, § 4(29)
- 96 Stat. 1307
- Pub. L. 99–576, title VII, § 701(36)
- 100 Stat. 3293
- Pub. L. 102–83
- 105 Stat. 404–406
- Pub. L. 111–350, § 5(j)(2)
- 124 Stat. 3850
- Pub. L. 111–350
- section 766 of this title
- Pub. L. 99–576, § 701(36)(A)
- Pub. L. 99–576, § 701(36)(B)
- Pub. L. 97–295
Citation graph
cites case law
§ 1966
Eligible insurance companies
U.S.C.×20
Fed. Reg.×15
C.F.R.×2
Pub. L.Pub. L. 89–214, § 1(a)
Stat.79 Stat. 880
Pub. L.Pub. L. 97–295, § 4(29)
Stat.96 Stat. 1307
Pub. L.Pub. L. 99–576, title VII, § 701(36)
Cites 16 · showing 6Cited by 37 across 3 sources