Page:United States Statutes at Large Volume 43 Part 1.djvu/643

 612 SIXTY-EIGHTH CONGRESS. Sess. I. Ch. 320. 1924. Act, " approved An t 9, 1921, and amendments thereto shall, where imexpended, bldsmade available for the bureau and may be expended in such manner as the director deems necessary in carrying P"“',,,,,,,,,*‘“‘““°° ’“* OHS the p`”ii’1i°S of  Alifif t d f th milit d - nc. 16. sums ere ore a pro ria e or e ary an §;¤ig:,$¤g·?¤i·?::¤g·lleg naval insurance appropriation ang allp premiums collected for the nm-:. pIo24. earl renewable term insurance provided by the provisions of Title lll dllaposited and covered into the Treasury to the credit of this appropriation, shall, where unexpended, be made available for the ,,§,'§,,,,“{l'f““ °°“°°“"‘ bureauu All premiums that mayd elregfteph be collected fo? tliig newa e t rm insurance rovi e y e rovisions 0 e P t { mm in lrserelplg shall be deposited gud; covered iiito the ¥?l‘ruea.sury for the credit ,,,,,“,,’J ‘;_ mi of t a o riation. uc sum mcu remium pa ents Mm- at the is made gghigble for the payment of tliggliabilllies of the {Iiiited States incurred imder contracts of yearly renewable term insurance made under the provisions of Title III, including such liabilities as shall hagehbeeli; or §1§ll hereafter ligreéiuced to 3610 gmer;_tt1}n a gimstrict court o e mte tates or in e upreme urt -0 e trict u nan inaccor ancewi teaw yte `cctor. megs  PSM:. 17. That all premiums Iriaid on account of insurance converted 51-ywvazent life mm- imdegaherpgovisions ofi1'l‘itl;g1 l;er]?>f§haH631>e§deposi(1;e)d and coveigd ' ·into e asury tot ecr `to the nit tates vernment e insurance fund and shall be available for the payment of losses, dividends, refunds, and other benefits lprovided for under such insurance, including such liabilities as shall ave been or shall hereafter be reduced to judgment in a district co1u·t of the United States or ,,,P§,¥,,'2§{§ °' "'“'°‘ in the Supreme Co1u·t of the District of Columbia. Payments from $ fund shall be made upon and in accordance with awards by the ` ctor. ,,,B§,${;° ‘““"’ ‘° "° The bureau is authorized to set aside out of the fund so collected V¤1.42.¤.1¤2- such reserve funds as mai be recjluired, under accepted actuarial I'"°'“"°“’·°‘°· principles, to meet all liab `ties un er such insurance; and the Secretary_ of the Treasury is hereby authorized to invest and reinvest the said United States Government life insurance fund, or an part thereof, in interest-bearing obligations of the United States orlionds of the Federal farm—loan banks and to sell said obligbations of the United Staétes grfthel bonds of the Federal farm·loan anks for the purposes o suc un . ,,, ,§’;’§,"{,',j,°§ Sec. 18. That the Comptroller General of the United States is i¤¤¤1¤¢k»¤¢¤- hereby authorized and directed to allow credit in the accounts of the disbursing clerk of the bureau for all payments of insurance installments ll1ere;ifterhmade,_with0ut veriliication of ctgie deduction on the pay ro s, o suc premiums as may ave accru rior to J 1 { t 19g 1, while rghle insured was in the service. P mmary ’ ° °‘ nc. 19. at no c aim agent or attorne except th eognjzed Jifgészlarigiémptrégigiilsl representativesof the American Red Cross, the Am§ricari5Lr§ 'on, the "" ‘ Disabled American Veterans, and the Veterans of Foreign Vgiirs and iigch other (?8D1Z8i:»lODS as shall be appgovgld by thefD1rector, shall reco in the presentation or a ju 'catio 0 1 d Titles Ilrflll, and IV, except that in the event of dis tuel1s gd claim under a contract of insurance between the bureau and any beneficiary or beneficiaries thereimder an action on the claim ma be lgiegpghtt agaénst tl; United %at;es either in thefStij>r¢_i'met8C(<£mt oiy the ric o oum ia or in the xstrict court o t ·ni States ` for the district in which such beneficiaries oreany one of the§ _ ti H resides, and that whenever judgment shall be rendered in an action b,]{°,,°§‘[’}‘,,,§}"g °° ° "° brought pursuant to this provision, the court, as part of its judgment, shall determine and allow such reasonable attorne 's fees, not to exceed 5 per centum of the amount recovered, to be paid by the claimant in behalf of whom such proceedings were instituted to
 * "*°°'"’ '°" of Coluréibia. Pagrments tfiorpl this uaipplropxiliatiioln shall be made