§ 1946 - Dividends to pay premiums

CHAPTER 19— INSURANCE › SUBCHAPTER II— UNITED STATES GOVERNMENT LIFE INSURANCE

Until and unless the Secretary has received from the insured a request in writing for payment of dividends in cash or that the dividends be placed on deposit in accordance with the provisions of the insured’s policy, any regular annual dividends shall be applied in payment of premiums becoming due on insurance after the date the dividend is payable on or after December 31, 1958.

Notes

Editorial Notes

Amendments

1991—Pub. L. 102–83 renumbered section 746 of this title as this section and substituted “Secretary” for “Veterans’ Administration”.

1986—Pub. L. 99–576 substituted “the insured’s” for “his”.