§ 3971. Definitions
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/usc/title-50/section-3971A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this subchapter:
(1)Policy The term “policy” means any individual contract for whole, endowment, universal, or term life insurance (other than group term life insurance coverage), including any benefit in the nature of such insurance arising out of membership in any fraternal or beneficial association which—
(A)provides that the insurer may not—
(i)decrease the amount of coverage or require the payment of an additional amount as premiums if the insured engages in military service (except increases in premiums in individual term insurance based upon age); or
(ii)limit or restrict coverage for any activity required by military service; and
(B)is in force not less than 180 days before the date of the insured’s entry into military service and at the time of application under this subchapter.
(2)Premium The term “premium” means the amount specified in an insurance policy to be paid to keep the policy in force.
(3)Insured The term “insured” means a servicemember whose life is insured under a policy.
(4)Insurer The term “insurer” includes any firm, corporation, partnership, association, or business that is chartered or authorized to provide insurance and issue contracts or policies by the laws of a State or the United States.
(Oct. 17, 1940, ch. 888, title IV, § 401, as added Pub. L. 108–189, § 1, Dec. 19, 2003, 117 Stat. 2851.)
Connections2 cite this · traces to 2
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statute-compilations
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15 references not yet in our index
- Oct. 17, 1940, ch. 888
- Pub. L. 108–189, § 1
- 117 Stat. 2851
- act Oct. 17, 1940, ch. 888
- 54 Stat. 1183
- Oct. 6, 1942, ch. 581, § 13
- 56 Stat. 774
- Pub. L. 102–12, § 9(12)
- 105 Stat. 40
- Pub. L. 108–189
- 56 Stat. 773
- July 11, 1956, ch. 570, § 1
- 70 Stat. 528
- Pub. L. 102–12, § 9(11)
- section 3 of Pub. L. 108–189
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§ 3971
Definitions
Stat. Comp.×2
ActOct. 17, 1940, ch. 888
Pub. L.Pub. L. 108–189, § 1
Stat.117 Stat. 2851
Actact Oct. 17, 1940, ch. 888
Stat.54 Stat. 1183
Cites 17 · showing 7Cited by 2 across 1 source