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Title 10 — Armed ForcesRelease 119-73not60

§12533 Termination of Program

Title 10 › Subtitle Subtitle E— Reserve Components › Part II— PERSONNEL GENERALLY › Chapter 1214— READY RESERVE MOBILIZATION INCOME INSURANCE › § 12533

Last updated Apr 3, 2026|Official source

Summary

The Secretary must end the insurance program. No one in the Ready Reserve can be enrolled after November 18, 1997. Most members’ coverage stops on November 18, 1997. If a member on that date was actually serving covered service or had an order to do so that qualifies for benefits, their coverage ends when that service period ends. After November 18, 1997 the Secretary cannot pay benefits except to people who on that date were serving under covered service, had orders to serve, or had already served and not yet been paid. The Secretary must close the Fund within 60 days after the last payment. Any money left goes to the Treasury as miscellaneous receipts.

Full Legal Text

Title 10, §12533

Armed Forces — Source: USLM XML via OLRC

(a)The Secretary shall terminate the insurance program in accordance with this section.
(b)The Secretary may not enroll a member of the Ready Reserve for coverage under the insurance program after November 18, 1997.
(c)(1)The enrollment under the insurance program of insured members other than insured members described in paragraph (2) is terminated as of November 18, 1997. The enrollment of an insured member described in paragraph (2) is terminated as of the date of the termination of the period of covered service of that member described in that paragraph.
(2)An insured member described in this paragraph is an insured member who on November 18, 1997, is serving on covered service for a period of service, or has been issued an order directing the performance of covered service, that satisfies or would satisfy the entitlement-to-benefits provisions of this chapter.
(d)The Secretary may not make any benefit payment under the insurance program after November 18, 1997, other than to an insured member who on that date (1) is serving on an order to covered service, (2) has been issued an order directing performance of covered service, or (3) has served on covered service before that date for which benefits under the program have not been paid to the member.
(e)The Secretary shall close the Fund not later than 60 days after the date on which the last benefit payment from the Fund is made. Any amount remaining in the Fund when closed shall be covered into the Treasury as miscellaneous receipts.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2001—Subsecs. (b), (c)(1). Pub. L. 107–107, § 1048(c)(15)(A), substituted “
November 18, 1997.” for “the date of the enactment of this section.” Subsecs. (c)(2), (d). Pub. L. 107–107, § 1048(c)(15)(B), substituted “
November 18, 1997,” for “the date of the enactment of this section”.

Reference

Citations & Metadata

Citation

10 U.S.C. § 12533

Title 10 — Armed Forces

Last Updated

Apr 3, 2026

Release point: 119-73not60