Veterans' Insurance Reform Act of 1995

Summary

Veterans' Insurance Reform Act of 1995 - Authorizes the Secretary of the military department concerned to terminate an individual's coverage under the Servicemen's Group Life Insurance (SGLI) if such individual does not pay the required premiums within 60 days after their due date. Requires written notification of such termination. Vacates such termination if such individual, before the effective date of such termination (60 days after notification), remits all past due amounts and demonstrates to the Secretary's satisfaction that the failure to make timely payments was justifiable. Increases from $100,000 to $200,000 the maximum automatic coverage for individuals under the SGLI. Requires specified information to be provided to SGLI holders. Redesignates SGLI as Servicemembers' Group Life Insurance. Merges into SGLI those individuals currently covered under the Retired SGLI program. Revises provisions concerning duration and termination of coverage and premiums with respect to such newly-covered individuals. Allows SGLI policies to be converted, upon the completion of miitary duty or travel, to a commercial life insurance policy with a participating company selected by the individual. Provides for the payment of Veterans' Group Life Insurance (VGLI) to an individual who has in effect at death both SGLI and VGLI coverage, limiting the total benefits payable from both policies to $200,000. Allows VGLI policies to be converted to commercial life insurance policies. Requires SGLI coverage of any member of the Retired Reserve to be converted to VGLI coverage 90 days after the enactment of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 January 1996

   Introduced

   Referred to the House Committee on Veterans' Affairs.

   Source: IntroReferral

2. 4 January 1996

   Introduced

   Sponsor introductory remarks on measure. (CR E17)

   Source: IntroReferral

3. 4 January 1996

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 January 1996

   Introduced

   Introduced in House

   Source: IntroReferral

5. 1 February 1996

   Referred

   Referred to the Subcommittee on Compensation, Pension, Insurance and Memorial Affairs.

   Source: Committee

6. 17 April 1996

   Committee

   Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

   Source: Committee

7. 17 April 1996

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

8. 1 May 1996

   Committee

   For Further Action See H.R.3373.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 January 1996 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 January 1996

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 January 1996

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 4 January 1996

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Stump, Bob [R-AZ-3] · R · Sponsor
• Rep. Montgomery, G. V. (Sonny) [D-MS-3] · D · Sponsor
• Rep. Everett, Terry [R-AL-2] · R · Sponsor
• Rep. Evans, Lane [D-IL-17] · D · Sponsor
• Rep. Smith, Christopher H. [R-NJ-4] · R · Sponsor
• Rep. Bilirakis, Michael [R-FL-9] · R · Cosponsor
• · hsvr00 · Standing

Related records

• related to → Veterans' Insurance Reform Act of 1995
• related to → To amend title 38, United States Code, to authorize the termination of Servicemen's Group Life Insurance when premiums are not paid.
• related to ← Veterans' Benefits Amendments of 1996