A bill to amend title 38, United States Code, to allow beneficiaries of United States Government life insurance policies to elect to receive such insurance in a lump sum, rather than in monthly installments, when the insured has not specified the method of payment of such insurance.

Summary

Provides that Government life insurance shall be paid in accordance with any election of the insured. States that, if at the time of death no such election has been made, the Administrator of Veterans' Affairs shall notify the beneficiary who shall elect whether to receive payment in a lump sum or in installments. Directs the Administrator to notify all insured individuals who have not made such election concerning the effect of this Act.

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

Timeline

1. 5 January 1981

   Introduced

   Referred to House Committee on Veterans' Affairs.

   Source: IntroReferral

2. 5 January 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 January 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 June 1981

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

5. 15 June 1981

   Referred

   Referred to Subcommittee on Compensation, Pension and Insurance.

   Source: Committee

6. 25 June 1981

   Committee

   For Further Action See H.R.3995.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 5 January 1981

  Open at official source

Sponsors

• Rep. Hansen, George V. [R-ID-2] · R · Sponsor
• · hsvr00 · Standing

Related records

• related to ← Veterans Compensation Amendments of 1981