Page:United States Statutes at Large Volume 88 Part 1.djvu/210

 166

PUBLIC LAW 93-289-MAY 24, 1974

10 USC 1331.

P e r s o n s insured; amount.

38 USC 766.

Ante,

p. 165.

Automatic conversion.

e o v e r a g e, duration and termination.

[88 STAT.

retirement pay or has not yet reached sixty-one years of age and has completed at least twenty years of satisfactory service creditable for retirement purposes under chapter 67 of title 10; and " (D) a member, cadet, or midshipman of the Reserve Officers Training Corps while attending field training or practice cruises." SEC. 4. Section 767 of title 38, United States Code, is amended as follows: (1) Subsection (a) is amrewded to read as follows: " (a) Any policy of insurance purchased by the Administrator under section 766 of this title shall automatically insure against death— "(1) any member of a uniformed service on active duty, active duty for training, or inactive duty training scheduled in advance by competent authority; "(2) any member of the Ready Reserve of a uniformed service who meets the qualifications set forth in section 765(5)(B) of this title; and "(8) any member assigned to, or who upon application would bo eligible for assignment to, the Retired Reserve of a uniformed service who meets the qualifications set forth in section 765(5)(C) of this title; in the amount of $20,000 unless such member elects in writing (A) not to be insured under this subchapter, or (B) to be insured in the amount of $15,000, $10,000, or $5,000. The insurance shall be effective the first day of active duty or active duty for training, or the beginning of a period of inactive duty training scheduled in advance by competent authority, or the first day a member of the Ready Reserve meets the qualifications set forth in section 765(5)(B) of this title, or the first day a member of the Reserves, whether or not assigned to the Retired Reserve of a uniformed service, meets the qualifications of section 765(5)(C) of this title, or the date certified by the Administrator to the Secretary concerned as the date Servicemen's Group Life Insurance under this subchapter for the class or group concerned takes effect, whichever is the later date." (2) Subsection (b) is amended by deleting "ninety days" wherever it appears therein and inserting in lieu thereof "one hundred and twenty days". ('3) Subsection (c) is amended to read as follows: "(c) If any member elects not to be insured under this subchapter or to be insured in the amount of $15,000, $10,000, or $5,000, he may thereafter be insured under this subchapter or insured in the amount of $20,000, $15,000, or $10,000 under this subchapter, as the case may be, upon written application, proof of good health, and compliance with such other terms and conditions as may be prescribed by the Administrator. Any former member insured under Veterans' Group Life Insurance who again becomes eligible for Servicemen's Group Life Insurance and declines such coverage solely for the purpose of maintaining his Veterans' Group Life Insurance in effect shall upon termination of coverage under Veterans' Group Life Insurance be automatically insured under Servicemen's Group Life Insurance, if otherwise eligible therefor." SEC. 5. (a) Section 768 of title 38, United States Code, is amended as follows: (1) Subsection (a) is amended by inserting "or while the member meets the qualifications set forth in section 765(5)(B) or (C) of this title," immediately before "and such insurance shall cease".

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