Title 38 — Veterans' BenefitsRelease 119-73
§1946 Dividends to pay premiums
Title 38 › Part PART II— - GENERAL BENEFITS › Chapter CHAPTER 19— - INSURANCE › Subchapter SUBCHAPTER II— - UNITED STATES GOVERNMENT LIFE INSURANCE › § 1946
Summary
Regular annual dividends payable on or after December 31, 1958 must be used to pay premiums that come due on the insurance after the dividend’s payable date. They will be paid in cash or put on deposit under the policy only if the insured sends a written request to the Secretary asking for that.
Full Legal Text
Title 38, §1946
Veterans' Benefits — Source: USLM XML via OLRC
Until and unless the Secretary has received from the insured a request in writing for payment of dividends in cash or that the dividends be placed on deposit in accordance with the provisions of the insured’s policy, any regular annual dividends shall be applied in payment of premiums becoming due on insurance after the date the dividend is payable on or after December 31, 1958.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1991—Pub. L. 102–83 renumbered section 746 of this title as this section and substituted “Secretary” for “Veterans’ Administration”. 1986—Pub. L. 99–576 substituted “the insured’s” for “his”.
Reference
Citations & Metadata
Citation
38 U.S.C. § 1946
Title 38 — Veterans' Benefits
Last Updated
Apr 6, 2026
Release point: 119-73