The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-09-10
HOW TOKEEP
WARMSURANCE
ISEXPLAIVED

Regulations relative to the payment of
premiums and the lapsation, canceila-
ton and reinstatement of yearly renew
abe term insurance granted under the
PROVISIONS of the war risk insurance act.
and applicable after separation from the
active military or naval service.
Treasury Observation-Disclosures of War
Risk Insurance.
Fly virtue of the authority conferred
in section 10 of the war risk insurance
act the following regulation is issued
relative to the payment of premiums and
the lapsation, cancellation and REIN
statement of yearly renewable term IN
surance granted under the provisions of
the war risk insurance act. and apph-
cable after separation from the active
military or naval service.
!. When any person insured under
the provisions of the war risk insurance
act leaves the active military or naval
Eervice for reasons not precluding the
continuation of insurance the monthly
premium which. had he remained in the
service. would have been payable on the
last day of the calendar month in which
he was discharged. will be payable on
the first day of the calendar month fol-
lowing the date of his discharge. and
thereafter monthly premiums shall be
payable on the first day of each calendar
month. The premium payable on the
first day of the calendar month may.
however. be paid at any time during
such month which shall constitute a
grace period for the payment of such
premium. If the premium Is not paid
before the expiration of such grace period
the insurance shall lapse and terminate
2 In every case where reinstatement
in whole or in part, of lapsed or can
celIed insurance is desired. the insured
shall file with the bureau of war risk
insurance a signed application therefor.
and make tender of the premium for one
month tthe grace period) on the amount
o. insurance to be reinstated. and also
premium on the reinstaed insurance. In
cases where the insured desires to con-
vert his lapsed term insurance he shall
make tender of the premium for one
month (the grace period) on the amount
OF term insurance to be reinstated and
converted, and also of the first premium
on the converted insurance.
3. Insurance lapsed cancelled may
be reinstated within eighteen months
after the month of discharge, provided
the insured is in as good health as at
date of discharge or at the expiration of
date. and so states I'm his application: and
may be reinstated after eighteen months
succeeding the month of discharge, pro-
viding such insurance has not been
lapsed for more than one year. under
the following conditions:
(a) Within three calendar months
succeeding the grace period IL the in
sured is in as good Health as at expira-
ticn OF the grace period and so states
in his application.
OBJ Within eleven calendar months
succeeding the grace period If the in
sured is in as good health as at the ex-
piration of the grac=e period and SO states
n his application and includes there
with formal report of examination
made by a reputable physician substan-
stating said statement to the satisfaction
OF the director of the bureau OF war
risk insurance
4. Treasury Decision IS w. r. and
al other regulations heretofore made
which conflict with the foregoing are
hereby revoked
Address Bureau OF War Risk Insur-
lance. Treasury Department. Washington.
10. c.: or Commandant, Seventh Naval
District. Key West. Florida