§ 1951 - Payment of insurance

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

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.

Notes

Editorial Notes

Amendments

1991—Pub. L. 102–83 renumbered section 751 of this title as this section and substituted “Secretary” for “Administrator”.