Page:United States Statutes at Large Volume 42 Part 1.djvu/1554

 six*rY.sEvENTH CONGRESS. sm. IV. Cm. 291, 292. 1923. 1527 and pay from the military and naval insurance appropriation to the United States Government life insurance fund a sum ual to the amount such lien or indebtedness exceeds the then Czgl surreréder val;`1e." nc. 9. hat section 411 of the War Risk Insurance Act is hereb P°“'*°'· amended to read as follows: y •d§m'P`m’m°m` _“S1:c. 411. Subject to the provisions of section 29 of the War ¤xI°1ii'.’T1ii1si?bl° Mm Risk Insurance Act and amendments thereto policies of insurance v°1·"°·P· °°°· heretofore or hereafter issued in accordance with Article IV of the lVar R1Sk Insurance Act shall be incontestable after the insurance has been in force six months from the date of issuance, or- rein- mxmpums. statement, except for fraud or nonpa ment of premiums: Provided, ‘d,,,m,,d ,,0 That a letter mailed by the United States Veterans’ Bureau to the *1**** °‘°¤¤*¤=*· insured at his last known address informing him of the invalidity of his insurance shall be deemed a contest within the meaning of this section; Provided further, That this section shall be deemed to 6 §g§;¤'*"¤ ¤¤ °* Avril be in effect as of April 6, 1917.” ’ ` Sm:. 10. That a new section is hereby added to Article IV of the  Tg?-mud_ War Risk Insurance Act (including therein section 18 of the Act ed. ' entitled “An Act to amend and modify the War Risk Insurance V°1‘°’p‘°7°' Act," approved December 24, 1919), to be known as section 412, and to read as follows: “ Sec. 412. That all premiums paid on account of insurance con- ,°P,;_§¤gi?&eg·;vm(g¤¤§ verted under the provismns of Article IV of the War Risk Insurance umm: x¤s¤?¤¤°:¤ Act shall be de ited and covered into the Treasury to the credit ‘“'“‘· of the United §;tes Government life-insurance fund and shall be available for the payment of losses, dividends refunds, and other benefits provided for under such insurance. I’ayments from this P“’m°'”°"'“"‘ fxmd shall be made upon and in accordance with awards by the director. mud, to be " The United States Veterans’ Bureau is hereblymauthorized to sept, set aside out of the fund so collected such reserve ds as may be required, under accepted actuarial principles, to meet all liabilities under such insurance; and the Secretang of the Treasuais hereby I”'°°“““‘*·f’“* authorized to invest and reinvest the said United States vernment life-insurance fund, or any part thereof, in interest-bearing obliations of the United States or bonds of the Federal farm loan ,mF§,‘f‘*°°“ ‘°°“"“°' ganks and to sell said obligations of the United States or the bonds of the Federal farm loan banks for the purposes of such fu¤d." Approved, March 4, 1923. CEAP. 292.-An Act Making appropriations to supply deficiencies in  h{{°%?4}€j appropriations for the fiscal year endmgsgne 30, 1923, an prior fiscal years,topmvide  supplemental appropriations for the l year ending June 30, 1924, and for other purposes. Be it enacted b the Senate and House of Representatives of the D E . United States of gfélmevéca in Congress assembled, That the follow- isinim yA°t’ ing sums are appropriated, out of any_ money_ in the Treasury not peudmdes ,,,,1,,., otherwise appropriated, to supply (IQHCIBDCIBS m cert_am appropma- P¤¤¤¤¤¤- tions for the fiscal year ending June 30, 1923, and Eprxor fiscal years, to provide supplemental appropriations for the scal year endmg June 30, 1924, and for other purposes, namely: LEGISLATIVE. E nm SENATE. S°‘“°°‘ .cmmu. For additional compensation to John C. Crockett, reading clerk of the Senate, iiscal year 1924, $500.