Page:United States Statutes at Large Volume 124.djvu/2905

 124 STAT. 2879 PUBLIC LAW 111–275—OCT. 13, 2010 TITLE IV—INSURANCE MATTERS SEC. 401. INCREASE IN AMOUNT OF SUPPLEMENTAL INSURANCE FOR TOTALLY DISABLED VETERANS. (a) IN GENERAL.—Section 1922A(a) is amended by striking ‘‘$20,000’’ and inserting ‘‘$30,000’’. (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall take effect on October 1, 2011. SEC. 402. PERMANENT EXTENSION OF DURATION OF SERVICEMEMBERS’ GROUP LIFE INSURANCE COVERAGE FOR TOTALLY DISABLED VETERANS. (a) EXTENSION.—Section 1968(a) is amended— (1) in paragraph (1)(A), by striking clause (ii) and inserting the following new clause (ii): ‘‘(ii) The date that is two years after the date of separation or release from such active duty or active duty for training.’’; and (2) in paragraph (4), by striking subparagraph (B) and inserting the following new subparagraph (B): ‘‘(B) The date that is two years after the date of separa- tion or release from such assignment.’’. (b) EFFECTIVE DATE.—The amendments made by subsection (a) shall apply with respect to a person who is separated or released on or after June 15, 2005. SEC. 403. ADJUSTMENT OF COVERAGE OF DEPENDENTS UNDER SERVICEMEMBERS’ GROUP LIFE INSURANCE. Clause (ii) of section 1968(a)(5)(B) is amended to read as follows: ‘‘(ii)(I) in the case of a member of the Ready Reserve of a uniformed service who meets the qualifica- tions set forth in subparagraph (B) or (C) of section 1965(5) of this title, 120 days after separation or release from such assignment; or ‘‘(II) in the case of any other member of the uni- formed services, 120 days after the date of the mem- ber’s separation or release from the uniformed services; or’’. SEC. 404. OPPORTUNITY TO INCREASE AMOUNT OF VETERANS’ GROUP LIFE INSURANCE. (a) OPPORTUNITY TO INCREASE AMOUNT.—Section 1977(a) is amended— (1) in paragraph (1), by inserting ‘‘Except as provided in paragraph (3),’’ before ‘‘Veterans’ Group Life Insurance shall be’’; and (2) by adding after paragraph (2) the following new para- graph: ‘‘(3) Not more than once in each five-year period beginning on the one-year anniversary of the date a person becomes insured under Veterans’ Group Life Insurance, such person may elect in writing to increase by $25,000 the amount for which the person is insured if— ‘‘(A) the person is under the age of 60; and ‘‘(B) the total amount for which the person is insured does not exceed the amount provided for under section 1967(a)(3)(A)(i) of this title.’’. 38 USC 1968 note. 38 USC 1922.