Statute · United States Code
50 U.S.C. § 3974 — Policies entitled to protection and lapse of policies
50 U.S.C. § 3974
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
The Secretary of Veterans Affairs shall determine whether a policy is entitled to protection under this subchapter and shall notify the insured and the insurer of that determination. A policy that the Secretary determines is entitled to protection under this subchapter shall not lapse or otherwise terminate or be forfeited for the nonpayment of a premium, or interest or indebtedness on a premium, after the date on which the application for protection is received by the Secretary. The protection provided by this subchapter applies during the insured's period of military service and for a period of two years thereafter.
Citator
50 U.S.C. § 3974 — Policies entitled to protection and lapse of policies is in force in the current edition of the Code, and nothing recorded condemns it.
The Secretary of Veterans Affairs shall determine whether a policy is entitled to protection under this subchapter and shall notify the insured and the insurer of that determination. A policy that the Secretary determines is entitled to protection under this subchapter shall not lapse or otherwise terminate or be forfeited for the nonpayment of a premium, or interest or indebtedness on a premium, after the date on which the application for protection is received by the Secretary. The protection provided by this subchapter applies during the insured's period of military service and for a period of two years thereafter.