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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 50 U.S.C. § 3976 | Deduction of unpaid premiums | us | united_states_code | code_section | 50 | WAR AND NATIONAL DEFENSE | 50 | SERVICEMEMBERS CIVIL RELIEF | 3976 | 50 U.S.C. § 3976 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc50@119-100.zip | /us/usc/t50/s3976 | data/legal/raw/us/code/title-50/usc50.xml | 31ac4e6b4dcabd3117938c06f7c83bf5701a7957e611923df6ba1f16d2824ed8 | 708c288b5448617cab7b03b8011860274671c9aec56686858b910a06948cd7ac | 8a374971a37a4ea18092e93f283afda9fe93704873077fb9bc678c578bb9abb2 | 2026-07-04 | official |
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50 U.S.C. § 3976 - Deduction of unpaid premiums
Text
(a) Settlement of proceeds If a policy matures as a result of a servicemember’s death or otherwise during the period of protection of the policy under this subchapter, the insurer in making settlement shall deduct from the insurance proceeds the amount of the unpaid premiums guaranteed under this subchapter, together with interest due at the rate fixed in the policy for policy loans.
(b) Interest rate If the interest rate is not specifically fixed in the policy, the rate shall be the same as for policy loans in other policies issued by the insurer at the time the insured’s policy was issued.
(c) Reporting requirement The amount deducted under this section, if any, shall be reported by the insurer to the Secretary of Veterans Affairs.
(Oct. 17, 1940, ch. 888, title IV, § 406, as added Pub. L. 108–189, § 1, Dec. 19, 2003, 117 Stat. 2853.)
Notes
Editorial Notes
Codification Section was formerly classified to section 546 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.
Prior ProvisionsA prior section 406 of act Oct. 17, 1940, ch. 888, art. IV, 54 Stat. 1184; Oct. 6, 1942, ch. 581, § 13, 56 Stat. 775; Apr. 3, 1948, ch. 170, § 6, 62 Stat. 160, related to guaranty of premiums and interest by United States, settlement of amounts due upon expiration of protection, subrogation of United States, and crediting debt repayments, prior to the general amendment of this Act by Pub. L. 108–189. See section 3977 of this title.
Statutory Notes and Related Subsidiaries
Effective DateSection 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.