§ 1954 - Forfeiture

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

No yearly renewable term insurance or United States Government life insurance shall be payable for death inflicted as a lawful punishment for crime or military offense, except when inflicted by the enemy. In such cases the cash surrender value of United States Government life insurance, if any, on the date of such death shall be paid to the designated beneficiary if living, or if there be no designated beneficiary alive at the death of the insured the said value shall be paid to the estate of the insured.

Notes

Editorial Notes

Amendments

1991—Pub. L. 102–83 renumbered section 754 of this title as this section.