FEDERAL · 50 U.S.C. · Chapter 50
Application for insurance protection
Current through Pub. L. 119-102
(a)Application procedure
An application for protection under this subchapter shall—
(1)be in writing and signed by the insured, the insured's legal representative, or the insured's beneficiary, as the case may be;
(2)identify the policy and the insurer; and
(3)include an acknowledgement that the insured's rights under the policy are subject to and modified by the provisions of this subchapter.
(b)Additional requirements
The Secretary of Veterans Affairs may require additional information from the applicant, the insured and the insurer to determine if the policy is entitled to protection under this subchapter.
(c)Notice to the Secretary by the insurer
Upon receipt of the application of the insured, the insurer shall furnish a report concerning the policy to the Secretary of Veterans A
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50 U.S.C. § 3973 (Application for insurance protection) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Source Credit
History
(Oct. 17, 1940, ch. 888, title IV, §403, as added Pub. L. 108–189, §1, Dec. 19, 2003, 117 Stat. 2852.)
Editorial Notes
Editorial Notes
Codification
Section was formerly classified to section 543 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.
Prior Provisions
A prior section 403 of act Oct. 17, 1940, ch. 888, art. IV, 54 Stat. 1184; Oct. 6, 1942, ch. 581, §13, 56 Stat. 775; Pub. L. 102–12, §9(14), Mar. 18, 1991, 105 Stat. 40, related to determination of policies entitled to protection, notice to parties, and lapse of policies for nonpayment of premiums, prior to the general amendment of this Act by Pub. L. 108–189. See section 3974 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to any case not final before Dec. 19, 2003, see section 3 of Pub. L. 108–189, set out as a note under section 3901 of this title.
Codification
Section was formerly classified to section 543 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.
Prior Provisions
A prior section 403 of act Oct. 17, 1940, ch. 888, art. IV, 54 Stat. 1184; Oct. 6, 1942, ch. 581, §13, 56 Stat. 775; Pub. L. 102–12, §9(14), Mar. 18, 1991, 105 Stat. 40, related to determination of policies entitled to protection, notice to parties, and lapse of policies for nonpayment of premiums, prior to the general amendment of this Act by Pub. L. 108–189. See section 3974 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to any case not final before Dec. 19, 2003, see section 3 of Pub. L. 108–189, set out as a note under section 3901 of this title.