Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1919-08-22
FRIDAY, AUG. %, 1919.
NEW DECISION ON THE
REINSTATEMENT OF
WAR RISK INSURANCE

Glass, on July %, signed decision of
momentous Importance and interest to
discharged soldiers, sailors and ma
rines.
In the decision ct. d. AZ, w. r.
the Secretary ruled that discharged
soldiers, sailors and marines who have
dropped or cancelled their insurance
may reinstate it within 18 months af-
ter discharge without paying the back
premiums. All they will be asked to
pay will be the premium on the am
cunt of insurance to be reinstated for
the month Of grace in which they were
covered and for the current month.
Thus, for example, if man dropped
$4,000 of insurance in January, 1919,
and applies for reinstatement the 1st
of September for $4,000, all he will
have to pay will be the premium for
January (the month of grace on $5,-
900 and the premium for September
on $4,000. Or, if he applies for rein
statement of the full $4,000, he will
pay total Of two months premiums
on $4,000, one for January and one
for September. He will not have to
pay premiums in either case for the
intervening months.
The decision stipulates that the for
mer service man applying for rein
statement be in as good health as at
date of discharge.
Former Treasury decision As, w. r.,
and other prior regulations in con-
fiict with the new decision ere re-
voked.
Director r. G. Cholmely-Jonas, of
the Bureau of War Risk Insurance,
following the signing of the decision
made the following statement:
"The present decision is one of the
most important to former servire men
that has been made in the history of
the bureau.
"Many service men have been de-
tered from availing themselves of
the former and less liberal reinstate-
ment privileges by reason of the rela-
lively large amount of money repre-
sented by accumulated overdue pre-
miums, and because it owuld seem
that they were paying for something
that they never actually had, which,
in fact, was the case.
"Under the new decision man is
relieved of the burden of overdue pre-
miums. He has an opportunity to re-
habiliate himself financially after get
ting out Of the army, navy or marine
corps, and to reinstate his insurance
without the burden of paying a large
amount of money.
"The reason payment for the month
of grace is required under the new
decision is that the insured was pro-
tected by reason of his insurance con-
tinuing in force during that month,
and that had he died during tho per-
iod of grace his policy would have
been paid.
"Of course, every man who has
dropped his insurance should reinstate
it Immediately, for the reason that if
he should die before reinstatement his
dependents will not receive any pay
ment.
Therefore, urge that care be TAX
en- to make clear to every former SER
vice man who has dropped lis insur-
ance that the new ruling does not
automatically reinstate him, and to
impress upon him that ne will be
without insurance until he voluntarily
applies for and secures reinstatement.
He should Immediately apply for re-
instatement for his own protection and
that of his dependents.
Don't forget that men die or he
come disabled in peace time as well as
in war time, and this. if man waits
he may not be in as good health as
he was ut the time Of his discharge
and consequently may not be able 10
secure reinstatement.
Don't put off reinstatement Do it
now"
If the pohcyholder is unable to keep
the fun amount of War Risk Insur-
ance he carried while in the service,
he may reinstate part of il from 81 600
up to $4,000, in multiples of $500.
Reductions may be made in multiples
of $500 to any amount, but not less