Page:United States Statutes at Large Volume 42 Part 1.djvu/1553

 1526 SIXTY-SEVENTH CONGRESS. Sess. IV. Ch. 291. 1923. centum per annum compounded annually in installments as promg;{_?,;g*gg{l;g*§ vided by law: Provided further, That where any soldier has hereomercuauzmldisabu- tofore allowed his insurance to lapse, while sufl`er1n.g from wounds i§y’ga·m°°d S,°1¤gi‘Ziyd'°°aj‘§.' or disease contracted in line of service, and has applied for rein- °"* statement thereof in whole or in part, and where at the time of such application he was not totally and permanently disabled, and where he was not allowed to reinstate because of health condition other than total permanent disability, and where said soldier has since died from said wounds or disease or has become permanently and totally disabled by reason thereof, then and in that event the United States Veterans’ Bureau is hereby authorized and directed to pay to said soldier or his beneficiaries the amount of insurance attempted to be reinstated less the prgmiums axial interest tihlelreon at 5 r centum r annum compoun ed annua in insta ents bm°¥9lg¤é*d;l£¤{;dm§£_· as prldiiided by lalwirliz Provided éurther, That the Comptroller Gen- ¤¤¤¤ veymma mma eral of the nited States is ereby authorized and directed to h°°°°“°"°t°‘ allow credit in the accounts of the disbursing clerk of the United States Veterans’ Bureau for all lpayments of insurance installments hereafter made, without ver` cation of the deduction on the pay rolls, of such premiums as may have accrued prior to January _ 1, 1921, while the insured was in the service." m§,;'j°** °‘ P'°‘ b Sec. 821 'Iéhat sectglon 429Hof the War Risk Insurance Act is here- AM¤.v-1¤.¤mm1- amen e to rea as o ows: °di>m¤ for payments x‘Sec. 409. The United States Veterans’ Bureau is authorized “'°"’°"'**"”‘* to make provision in accordance with regulations, whereby the payment of premiums on yearly renewable term insurance and United tates Government 11fe insurance (converted insurance) on the due wma in date thereof may be waived and the insurance may  deemed not Wim to lapse in the cases of the follcwmgpersons, to wit: (a) Those d,S8{)*{*gj¤*“Y*°°°uY who are confined m a hospital under said bureau for a compensable disability during the period while they are so confined; (b) those who are rated as temporarily totally disabled by reason of an inj u or disease entitling them to compensation during the period of srigli ,,,,’§°$},",,‘}{,°g total disability and while they are so rated; (c) those who, while mentallympicompetent and for whom no legal guardian had been or has _ n apxpo1nted;_ allowed or may allow their insurance to me with t A ul lapse while suc rating is eifectwe during the per1od_ for which they ,,,,,,,,,,,,._ °“ PP have been or hereafter may be so rated, the waiver in such cases to {’E;•g:g•·°, time l_   made without appilication and retroactive where necessary: Proluwed. mded, That such re of from payment of tpremiums on yearly renewable term insurance_on the due date ereof shall be for full calendar months begmmng with the month in which said confinement to hospital, temporary total disabilit rating, or in cases of Rental iplcompetleptls for lyvhom no guardian lias been appointed with e mon in w `c suc rating or mental incom tenc be an or begins, and ending with that month during the halfl); main frgaction of wh1ch_the person IS confined in hospital, is rated as temporarily mmm on mm totally d1sabled or had or has no legal ardian while rated as ,.».,mm,,,,_ mentally mcompetent: Provided further, Tgiit all premiums, the ay- iuent o which when due is waived as above provided, shall hear mterest at the rate of 5 per centum per annum compounded an- Deducm at mm nually from the due date of each premium, and if not paid by the im d§lIiall beh deilgcted from tithe ininliranlceeciin any settlement . or w en e same ma res G1 er use rmanent §n;•QIi¤§¢ir;i»rli¤1i1e•;tm§·iif§` total jlisabihz or_ death: And pro/videdlfurthor, Thatoinpihe event ,5,,,,* of   any lien or other indebtedness establishe by this Act exists against mmm. any pohcy of converted insurance in excess of the then cash surrender value thereof at the time of the termination of such policy of converted insurance for any reason other than by death or total permanent disability, the director is hereby authorized to transfer