Title 38 — Veterans' BenefitsRelease 119-73not60
§1902 Premium Rates and Policy Values
Title 38 › Part II— GENERAL BENEFITS › Chapter 19— INSURANCE › Subchapter I— NATIONAL SERVICE LIFE INSURANCE › § 1902
Summary
Require that premium rates be net rates using the American Experience Table of Mortality and a 3 percent per year interest rate. All cash values, policy loans, paid-up amounts, extended values, and other insurance calculations must use that same mortality table and a 3 percent per year interest assumption.
Full Legal Text
Title 38, §1902
Veterans' Benefits — Source: USLM XML via OLRC
Premium rates for insurance shall be the net rates based upon the American Experience Table of Mortality and interest at the rate of 3 per centum per annum. All cash, loan, paid-up, and extended values, and all other calculations in connection with insurance, shall be based upon said American Experience Table of Mortality and interest at the rate of 3 per centum per annum.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
Prior section 1902 was renumbered section 3902 of this title. Another prior section 1902, Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1215, related to limitation on types of assistance furnished and veterans otherwise entitled, prior to the general revision of chapter 39 of this title by Pub. L. 91–666. See section 3902 and 3903 of this title.
Amendments
1991—Pub. L. 102–83 renumbered section 702 of this title as this section.
Reference
Citations & Metadata
Citation
38 U.S.C. § 1902
Title 38 — Veterans' Benefits
Last Updated
Apr 5, 2026
Release point: 119-73not60