Page:United States Statutes at Large Volume 46 Part 1.djvu/1045

 1002 SEVENTY-FIRST CONGRESS. SEss. II. Ca. 849. 1930 . Effective date. Provided furtker, That this section shall be deemed to be effective as of April 6, 1917, and applicable from that date to all contracts or poli cies of insu ranc e ." SEC . 25 . That section 311 of the World War Veterans' Act, 1924, as amended (section 512b, title 38, United States Code), be hereby amended to read as follows " SEC. 311. The director is hereby authorized and directed to include in United States Government life (converted) insurance policies provision whereby an insured, who is totally disabled as a result of disease or injury for a period of four consecutive months or more before attaining the a ge of sixty-five years and be fore default in payment of any premium, shall be paid disability benefits at the Ra te of payment. rate of $5 .75 monthly for each $1,000 of converted insurance in force Pa yme nts not re- wh en total disability benefits become payable. Th e a m ou n t of su c h duced. Vol. 45, p .970,amend- ed. U.S.C ., Supp. IV, p. 536. Disability payments to insured if totally disabled four months, etc. Effective date . Independent of other benefits. Pay ments o f premi- ums waived. Regu lations for ree x- aminations. Resu mption of pre- mium payments, etc ., if disabil ity cea ses. Dividends, etc., not dec reased if disa bility benefits granted. Payment of benefits not to prej udice ri ghts of insured, under pol- icy. Proviso. Conditions required. Benefits granted to be on basis of $500. Monthly premiums determined by direc- tor, etc. Payment of. m onthly paymen t under the r ovisions of t his section s hall not be reduced because of payment of ppermanent and total disability benefits u nder the United S tates Go vernment life (c onverted) insuran ce policy. Such payments shall be effective as of the first day of the fifth consecutive month, and shall be made monthly during the con- tinuance of such total disability. Such payments shall be concurrent wi th or independent of permanen t total disability benefits u nder the United States Government life (converted) insurance policy. In addition to the monthly disability benefits the payment of premiums on the United States (~fovernment life (converted) insurance policy and for the total disability benefits authorized by this section shall be waived during the continuance of such total disability . Regulations shall provide for reexaminations of beneficiaries under this section ; and, in the event that it is found that an insured is no longer totally disabl ed, the waiver of premiums an d payment of benefits shall c ease and the United States Government life (converted) insurance policy, includ ing the total disability prov ision authorized by this sect ion, may be continued by payment of premiums as provided in said policy and the total disability provision authorized by this section . Neither the d ividends nor the amount pa yable in any settlement u nder any United States Government life (converted) insurance policy shall be decreased because of disability benefits granted under the provisions of this section. The payment of total disability benefits shall not prejudice the right of any insured, who is totally and permanently disabled, to total permanent disability benefits under his United States Government life (converted) insurance policy : Provided, That the provision authorized by this section shall not be included in any Unite d States Gove rnment life ( converted) i nsurance poli cy here- tofore or hereafter issued, except upon application, payment of premi um by the ins ured, and pro of of good h ealth satisfa ctory to t he d ir ec to r. The benefit granted under this section shall be on the basis of multiples of $500, and not less than $1,000 or more than the amount of United St ates Governme nt life (conv erted) insura nce in force at time of application. The director shall determine the amount of the monthly premium to cover the benefits of this section, and in order t o continue such benefits in f orce the monthly premiums shall be payable until the insured attains the age of sixty-five years or until the prior maturity of the policy . In all other respects such monthly premium sha ll be payable under the sa me terms and condi- tions as the regular monthly premium on the United States Govern- ment life (convert ed) insurance policy. " Approved, July 3, 1930 . I

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