Page:United States Statutes at Large Volume 43 Part 1.djvu/657

 626 SIXTY-EIGHTH CONGRESS. Sess. I. Ch. 320. 1924. from the date said premium is due by the terms of the policy: Pro- 2, 1926. aagliiiisiiii i$irnii°;iir:Z Sho. 305. Where any person has heretofore allowedhis insurance £°,§,,*g{¤y°°m¤°¤¤°°‘°d‘*· to lapse while suffering from a compensable disability for which v¤n.` 42. v. ma. com ensation was not collected and dies or has died, or becomes or °'"°“d°d‘ has Ibecome permanently and totally disabled and at the time of such death or permanent total disability was or is entitled to comccmpdaam. Hgnsation remamingnncollected, then and in that event so much of Vo1.41,p.373. insurance as said uncollected compensation, computed in all cases at the rgedpigvidedbgy section 302 of Ltllae Warhltisk llnsuralnce ,m,,,m,,m,,,,,,d_ Act as amen e ecem r 24, 1919, wo urc ase a 'ed as premiums when due, shall not be considered? as lapsed;  the United States Veterans Bureau is hereby authorized and directed to pay tosaid soldier, or his benehciaries as the case may be the amount of said insurance less the unpaid premiums and interest thereon at 5   per annum compounded annually in installments as . rovi y aw. §.Y°;`§°s"1iT°'payme¤¤ P Sec. 306. The bureau is authorized to make provisions in °‘·'¤“Y"°“"’°°· accordance with regulations, whereby the pa ent of premiums VOL ui lm on yearly renewable term insurance and Unitecf-States Government amended. p' life insurance (converted insurance) on the due date thereof may be wm I in waived and the insurance may be deemed not to lapse in the cases ncspaai. of the following persons, to wit: (a) Those who are confined in F mn mu hospital under said bureau for a compensable disability during the .a,,,‘{,'¤ay.°°°°” period while tlrsy are so confined; (b) those who are rated as temporarily tot y disabled by reason of any in'ury or disease Mentally ,mm_ entitling them to compensatnon d the period of such total ppm:. with iw sw- disability and while they are so rated; (cl those who, while mentally dm' incompetent and for whom no legal guardian had been or has been appointed, allowed or may allow their insurance to lapse while such rating is effective during the period for which they have been or hereafter may be so rated, or until a guardian has notified the Mm _,mm,¤pp,,_ bm-eau of his qualification, but not later than six months after eracn. appointment as guardian, the waiver in such cases to be made gfx, 0, Nm without application and retroactive_when necessary: Promkled, That snowed. such rehe from payment of premmms on yearl renewable term insurance on the due date thereof shall be for fullcalendar months, beginning with the month in which said confinement to hospital, temporary total disability rating, or in cases of mental incompetents for whom no guardian has been appointed with the month in which such rating or mental incomgptency began or begins and ending with that month during the alf or major fraction of which the person is confined in hospital is rated as temporarily totally disabled or had or has no legal guardian while rated as mentally incompetent mmm on waived or until a iiardian has notified the bureau of his qualification, but mamma. not later t an six months after appointment as guardian; Provided further, That all premiums the payment of which when due is waived as above provided shall bear interest at the rate of 5 per mdumd at my centum per annum, compounded annually from the due date of each may. premium, and if not paid by the insured shall be deducted from the insurance in any sett ement thereunder or when the same matures www {mm mm either because of permanent total disability or death: And provided aucérunda meet neu, further, That in the event any lien or other indebtedness established §§°ég,,,,‘}?,$;‘,§“§m’§,2§‘;{§,§$ b this Act exists against any policy of converted insurance in excess 0; 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 disabilit the director is hereby authorized to transfer and esa; from the military or naval insurance appropriation to the Unit `tates Government life insurance fund
 * ,,f?’§`,°ig”§gT°'°° dm gilded further, That no term insurance shall be reinstated after