Page:United States Statutes at Large Volume 115 Part 1.djvu/49

 PUBLIC LAW 107-14 -JUNE 5, 2001 115 STAT. 27 "(2)(A) A member may elect in writing not to be insured under this subchapter. "(B) A member may elect in writing not to insure the member's spouse under this subchapter. "(3)(A) Subject to subparagraphs (B) and (C), the amount for which a person is insured under this subchapter is as follows: "(i) In the case of a member, $250,000. "(ii) In the case of a member's spouse, $100,000. "(iii) In the case of a member's child, $10,000. "(B) A member may elect in writing to be insured or to insure the member's spouse in an amount less than the amount provided for under subparagraph (A). The member may not elect to insure the member's child in an amount less than $10,000. The amount of insurance so elected shall, in the case of a member or spouse, be evenly divisible by $10,000. "(C) In no case may the amount of insurance coverage under this subsection of a member's spouse exceed the amount of insurance coverage of the member. "(4)(A) An insurable dependent of a member is not insured under this chapter unless the member is insured under this subchapter. "(B) An insurable dependent who is a child may not be insured at any time by the insurance coverage under this chapter of more than one member. If an insurable dependent who is a child is otherwise eligible to be insured by the coverage of more than one member under this chapter, the child shall be insured by the coverage of the member whose eligibility for insurance under this subchapter occurred first, except that if that member does not have legal custody of the child, the child shall be insured by the coverage of the member who has legal custody of the child. "(5) The insurance shall be effective with respect to a member Effective date. and the insurable dependents of the member on the latest of the following dates: "(A) The first day of active duty or active duty for training. "(B) The beginning of a period of inactive duty training scheduled in advance by competent authority. "(C) The first day a member of the Ready Reserve meets the qualifications set forth in section 1965(5)(B) of this title. "(D) The date certified by the Secretary to the Secretary concerned as the date Servicemembers' Group Life Insurance under this subchapter for the class or group concerned takes effect. ' "(E) In the case of an insurable dependent who is a spouse, the date of marriage of the spouse to the member. "(F) In the case of an insurable dependent who is a child, the date of birth of such child or, if the child is not the natural child of the member, the date on which the child acquires status as an insurable dependent of the member.". (2) Subsection (c) of such section is amended by striking the first sentence and inserting the following: "If a person eligible for insurance under this subchapter is not so insured, or is insured for less than the maximum amount provided for the person under subparagraph (A) of subsection (a)(3), by reason of an election made by a member under subparagraph (B) of that subsection, the person may thereafter be insured under this subchapter in the maximum amount or any lesser amount elected as provided in such subparagraph (B) upon written application by the member.

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