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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 10 U.S.C. § 12526 Premiums us united_states_code code_section 10 ARMED FORCES 1214 READY RESERVE MOBILIZATION INCOME INSURANCE 12526 10 U.S.C. § 12526 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc10@119-100.zip /us/usc/t10/s12526 data/legal/raw/us/code/title-10/usc10.xml c8cbe73512f51cfbcab6a74027fd5b3872400f3774bc7c4577f47f50f2776955 06a2679d38355c44f4219c983fdad34009233205d6ba271593a4c1b17a739ec1 4531a72d1b570ff3cdc7013099ccae841529573e9ba2a3835acb0dc7422867f0 2026-07-04 official
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10 U.S.C. § 12526 - Premiums

Text

(a) Establishment of Rates.— (1) The Secretary, in consultation with the Board of Actuaries, shall prescribe the premium rates for insurance under the insurance program.

(2) The Secretary shall prescribe a fixed premium rate for each $1,000 of monthly insurance benefit. The premium amount shall be equal to the share of the cost attributable to insuring the member and shall be the same for all members of the Ready Reserve who are insured under the insurance program for the same benefit amount. The Secretary shall prescribe the rate on the basis of the best available estimate of risk and financial exposure, levels of subscription by members, and other relevant factors.

(b) Level Premiums.— The premium rate prescribed for the first year of insurance coverage of an insured member shall be continued without change for subsequent years of insurance coverage, except that the Secretary, after consultation with the Board of Actuaries, may adjust the premium rate in order to fund inflation-adjusted benefit increases on an actuarially sound basis.

(Added Pub. L. 104106, div. A, title V, § 512(a)(1), Feb. 10, 1996, 110 Stat. 301.)