Text: H.R.2826 — 101st Congress (1989-1990)All Information (Except Text)

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HR 2826 IH
101st CONGRESS
1st Session
 H. R. 2826
To amend title 38 of the United States Code to permit certain eligible
veterans to purchase up to $20,000 of National Service Life Insurance.
IN THE HOUSE OF REPRESENTATIVES
June 29, 1989
Mr. MONTGOMERY (by request) introduced the following bill; which was referred
to the Committee on Veterans' Affairs
A BILL
To amend title 38 of the United States Code to permit certain eligible
veterans to purchase up to $20,000 of National Service Life Insurance.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. NATIONAL SERVICE LIFE INSURANCE.
  (a) ADDITIONAL INSURANCE- (1) Subchapter I of chapter 19 of title 38, United
  States Code, is amended by adding at the end the following new section:
`Sec. 730. Additional insurance
  `(a) Any person insured under any policy of National Service Life Insurance
  shall upon application in writing, submission of evidence of good health
  satisfactory to the Secretary at the time of such application, and payment of
  the required premiums be granted additional National Service Life Insurance
  in an amount equal to the amount of National Service Life Insurance that
  person has in force on the date the person's application for the additional
  insurance is received by the Department of Veterans Affairs.
  `(b) Additional National Service Life Insurance issued under subsection
  (a) of this section shall be issued upon the same terms and conditions
  as contained in the veteran's National Service Life Insurance policy
  or policies in force on the date of application, except that the premium
  rates for the additional insurance shall be established by the Secretary to
  cover fully the Government's cost in providing such additional insurance.'.
  (2) The table of sections at the beginning of chapter 19 of such title is
  amended by inserting after the item relating to section 729 the following
  new item:
`730. Additional insurance.'.
  (b) CONFORMING AMENDMENTS-
  (1) Section 703 of such title, is amended by inserting before the period
  at the end of the last sentence the following: `, nor to the purchase of
  additional insurance authorized under section 730 of this title.'.
  (2) Section 741 of such title is amended by inserting before the period
  at the end of the last sentence the following: `, nor to the purchase of
  additional insurance authorized under section 730 of this title.'.
  (c) EFFECTIVE DATE- The amendments made by this section shall take effect
  as of the first day of the first month beginning more than six months
  after the date of the enactment of this Act.