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50 U.S.C. § 3972 - U.S. Code - Unannotated Title 50. War and National Defense § 3972. Insurance rights and protections

Current as of January 01, 2024 | Updated by Findlaw Staff

(a)Rights and protections

The rights and protections under this subchapter apply to the insured when--

(1) the insured,

(2) the insured's legal representative, or

(3) the insured's beneficiary in the case of an insured who is outside a State,

applies in writing for protection under this subchapter, unless the Secretary of Veterans Affairs determines that the insured's policy is not entitled to protection under this subchapter.

(b)Notification and application

The Secretary of Veterans Affairs shall notify the Secretary concerned of the procedures to be used to apply for the protections provided under this subchapter. The applicant shall send the original application to the insurer and a copy to the Secretary of Veterans Affairs.

(c)Limitation on amount

The total amount of life insurance coverage protection provided by this subchapter for a servicemember may not exceed $250,000, or an amount equal to the Servicemember's Group Life Insurance maximum limit, whichever is greater, regardless of the number of policies submitted.

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Cite this article: FindLaw.com - 50 U.S.C. § 3972 - U.S. Code - Unannotated Title 50. War and National Defense § 3972. Insurance rights and protections - last updated January 01, 2024 | https://codes.findlaw.com/us/title-50-war-and-national-defense/50-usc-sect-3972/

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