Page:United States Statutes at Large Volume 60 Part 1.djvu/811

 784 54 Stat. 1011 . 38U.S.C. (m); Supp. V, (m). Time and meth payment of p umrs. Advance of premium amount 54 Stat. 1195. 38U.S.C.§4 Deduction of p] uns from service 54 Stat. 1011. 38U.S.C.§ (n); Supp. V, § (n). Waiver of pre: ums. PUBLIC LAWS-CH. 728-AUG. 1, 1946 [60 STAT. 802 SE. 6. Section 602 (m) of the National Service Life Insurance 802 Act of 1940 is hereby amended, effective as of October 8, 1940, to read as follows: odof "( m ) (1) The Administrator shall, by regulations, prescribe the -time and method of payment of the premiums on such insurance, but payments of premiums in advance shall not be required for periods of more than one month each, and may at the election of the insured be deducted from his active-service pay or be otherwise made: Pro- first- vided, That an amount equal to the first premium due under a national service life-insurance policy may be advanced from current appropria- tions for active service pay to any person in the active service in the Army, Navy, Marine Corps, or Coast Guard, which amount shall con- stitute a lien upon any service or other pay accruing to the person for whom such advance was made and shall be collected therefrom if not otherwise paid: Provided further, That no disbursing or certifying officer shall be responsible for any loss incurred by reason of the advance herein authorized: And provided further, That any amount so advanced in excess of available service or other pay shall constitute a lien on the policy within the provisions of section 5, Public Law 4a. Numbered 866, Seventy-sixth Congress, approved October 17 1940. rem- "(2) In any case in which the insured provided for the payment pay of premiums on his insurance by authorizing in writing the deduction of premiums from his service pay, such insurance shall be deemed not to have lapsed so long as he remained in active service prior to the date of enactment of the Insurance Act of 1946, notwithstanding the fact that deduction of premiums was discontinued because- "(A) the insured was discharged to accept a commission; or "(B) the insured was absent without leave, if restored to active duty- or " the insured was sentenced by court martial, if he was restored to active duty, required to engage in combat, or killed in combat. In any case in which the insured under any insurance continued in force by the provisions of this paragraph died while such insurance was so continued in force, any premiums due on such insurance shall be deducted from the proceeds of the insurance. Any premiums deducted or collected on any such insurance shall be credited to the national service life insurance appropriation and any payments of benefits on any such insurance shall be made directly from such appro- priation." 8 02 SEC. 7. Section 602 (n) of the National Service Life Insurance Act 802 of 1940, as amended, is amended to read as follows: m -" "(n) Upon application by the insured and under such regulations as the Administrator may promulgate, payment of premiums on such insurance may be waived during the continuous total disability of the insured, which continues or has continued for six or more consecutive months, if such disability commenced (1) subsequent to the date of his application for insurance, (2) while the insurance was in force under premium-paying conditions, and (3) prior to the insured's sixtieth birthday: Provided, That upon application made within one year after the date of enactment of the Insurance Act of 1946 the Administrator shall grant waiver of any premium becom- ing due not more than five years prior to the date of enactment of such Act which may be waived under the foregoing provisions of this subsection: Provided further, That the Administrator, upon any application made subsequent to one year after the date of enactment of the Insurance Act of 1946, shall not grant waiver of any premium

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