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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3003 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 3003

To amend title 38 of the United States Code to permit certain eligible 
 veterans to purchase up to $20,000 of National Service Life Insurance.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             August 6, 1993

  Mr. Slattery (by request) introduced the following bill; which was 
             referred to the Committee on Veterans' Affairs

_______________________________________________________________________

                                 A BILL

 
To amend title 38 of the United States Code to permit certain eligible 
 veterans to purchase up to $20,000 of National Service Life Insurance.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. NATIONAL SERVICE LIFE INSURANCE.

    (a) Additional Insurance.--(1) Subchapter I of chapter 19 of title 
38, United States Code, is amended by adding at the end the following 
new section:
``Sec. 1930. Additional insurance
    ``(a) Any person insured under any policy of National Service Life 
Insurance shall upon application in writing, submission of evidence of 
good health satisfactory to the Secretary at the time of such 
application, and payment of the required premiums be granted additional 
National Service Life Insurance in an amount equal to the amount of 
National Service Life Insurance that person has in force on the date 
the person's application for the additional insurance is received by 
the Department of Veterans Affairs.
    ``(b) Additional National Service Life Insurance issued under 
subsection (a) of this section shall be issued upon the same terms and 
conditions as contained in the veteran's National Service Life 
Insurance policy or policies in force on the date of application, 
except that the premium rates for the additional insurance shall be 
established by the Secretary to cover fully the Government's cost in 
providing such additional insurance.''.
    (2) The table of sections at the beginning of chapter 19 of such 
title is amended by inserting after the item relating to section 1929 
the following new item:

``1930. Additional insurance.''.
    (b) Conforming Amendments.--
            (1) Section 1903 of such title is amended by inserting 
        before the period at the end of the last sentence the 
        following: ``, nor to the purchase of additional insurance 
        authorized under section 1930 of this title''.
            (2) Section 1941 of such title is amended by inserting 
        before the period at the end of the last sentence the 
        following: ``, nor to the purchase of additional insurance 
        authorized under section 1930 of this title''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as of the first day of the first month beginning more than six 
months after the date of the enactment of this Act.

                                 <all>
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