Page:United States Statutes at Large Volume 40 Part 1.djvu/633

 SIXTY-FIFTH CONGRESS. Sess. II. Ch. 104. 1918. 615 enteen, who while in such service and before the expiration of one hundred and twenty days from and after such publication, becomes or has become total K and permanently disabled, or dies, or has died, without having app 'ed for insurance, shall be deemed to have aplied for and to have been granted insurance, payable to such person during his life in monthly mstallments of $25 each. If he shall die m§Q']$,E,’§_““°”°“°°’ either before he shall have received any of such monthly installments or before he shall have received two hundred and fort of such monthly installments, then $25 per month shall be paid tohis widow from the time of his death and during her widowhood, or if there is no widow survi then to his child or children, or if there is no child s1u·viving, then to his mother, or if there is no mother Prom survivieibg him, then to his father, if and while they smvive him: Paymains umnsa, Pro·v·id, however, That not more than two hundred and forty of °‘°· such monthly installments, including those received by such person during his total and permanent disabilitti, shall be so paid. The amount of the monthly installments sh be apportioned between children as may be provided by regulations." · Sec. 20. That section nineteen of this Act amending section four ,, 6f§'§f§*'° hundred and one of the Act entitled "An Act to authorize the estab- ` `lishment of a Bureau of War Risk Insurance in the Treasmy Depart-» ment," aipproved September second, nineteen hundred and fourteen, as amen ed, shall be deemed to be in effect as of October sixth, nine- p,,,,,,,,,,_ teen hundred and seventeen: Promkled, That nothinlgl herein shall be mfg; P¤Y¤¤°¤*¤ ¤°* construed to interfere with the payment of mont y installments, ` authorized to be made under tligtprovisions of said section four hundred and one as originally enac, for the months up to and includ- Rwhmmnm ing June, nineteen undred and eighteen: Provided further, That all awards of automatic ins1u·ance un er" the provisions of said section four hundred and one as originally enacted shall be revised as of the first day of July, nineteen hundred and eighteen, in accordance with the provisions of said section four hundred and one as amended by section nineteen of this Act. Sec. 21. That section four hundred and two of said Act is hereby °dj*""’P‘*°°’°m°”d` amended to read as follows: Fm M was "Sec. 402. That the director, subject to the eral direction of °° ` the Secretary of the Treasury, shall promptly déntlldrmine upon and publish the ull and exact terms and conditions of such contract of Pa tl me insurance. The insurance shall be payable only to a spouse, child, mu ° " grandchild, parent, brother, or sister, and also uring total and permanent disa ilitg to the injured person, or to any or all of them. The insurance s all be Ipayable m two hundred and forty equal utmmve mcs monthly installments. revisions for maturity at certain %es, for ‘ p° ‘ continuous installments during the life of the insured or bene ciaries, or both, for cash, loan paid up and extended values, dividends from gains and savingls, and such other provisions for thegtprotection and advantage of an for altemative beneits to the insur and the beneficiaries as may be found to be reasonable and practicable, may be provided for in the contract of insurance, or from time to time by BM, no regulations. All calculations shall be based ugpn the American Ex- ° m' perience Table of Mortality and interest at thee and one—half per centum per annum, except that no deduction shall be made for contmuous installments during the life of the insured in case his total and permanent disability continues more than two hundred and forty months. Subject to reQ1lations, the insured shall at all times have B°"°°°M°°‘ the right to change the eneficiary or beneficiaries of such insurance without the consent of such beneficiagy or beneficiaries, but only P mf bm within the classes herein provided. no beneficiagswithin the  °` permitted class be designated by the insured, either in lifetime or y his last will and testament, or if the designated beneficiary does not survive the insured, the insurance shall be payable to such person