An Act to amend sections 1 and 5b of the Life Insurance Act for the District of Columbia
PL 86-530 (H.R.10684), enacted 06/27/1960

74 S T A T . ] 
PUBLIC LAW 86-530-JUNE 27, 1960 
227 
event the aqueduct system is not constructed by the Federal Govern-
ment. 
There are also authorized to be appropriated such sums as 
may be required for the operation and maintenance of said works. 
SEC. 9. Section 5(f) of the Act entitled "An Act to authorize the 
Secretary of the Interior to construct, operate, and maintain the 
Colorado River storage project and participating projects, and for 
other purposes", approved April 11, 1956 (70 Stat. 109), is amended 
effective June 1, 1960, to read as follows: "The interest rate appli-
cable to each unit of the storage project and each participating project 
for purposes of computing interest during construction and inter-
est on the unpaid balance shall be determined by the Secretary of the 
Treasury, as of the beginning of the fiscal year in which construction 
is initiated, on the basis of the computed average interest rate pay-
able by the Treasury upon its outstanding mametable public obli-
gations, which are neither due nor callable for redemption for fifteen 
years from the date of issue." 
Approved June 27, 1960. 
43 u s e 62Od. 
Interest rate. 
Public Law 86-530 
AN A C T 
jiaie 27, 1960 
To amend sections 1 and 5b of the Life Insurance Act for the District of 
[H. R. 10684] 
Columbia. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemhled, That (a) subpara-
graph (i) of paragraph (1) of subsection (c) of section 1 of chapter 
V of the Life Insurance Act (D.C. Code, section 35-701 (c) (1) (i)) 
is amended to read as follows: 
"(i) For all ordinary policies of life insurance issued on the stand-
ard basis, excluding any disability and accidental death benefits in 
such policies, the Commissioners 1941 Standard Ordinary Mortality 
Table for such policies issued prior to the operative date of the last 
paragraph of section 5b(d) of this chapter, and the Commissioners 
1958 Standard Ordinary Mortality Table for such policies issued on 
or after such operative date; provided that for any category of such 
policies issued on female risks all modified net premiums and present 
values referred to in this section may be calculated according to an age 
not more than three years younger than the actual age of the insured." 
(b) Clause (B) of paragraph (2) of such subsection (D.C. Code, 
sec. 35-701 (c) (2) (B))~ is amended to read as follows: 
"(B) A net one-year term premium for such benefits provided for 
in the first policy year. 
"Eeserves according to the Commissioners reserve valuation method 
for (i) life-insurance policies providing for a varying amount of in-
surance or requiring the payment of varying premiums, (ii) annuity 
and pure endowment contracts, (iii) disability and accidental death 
benefits in all policies and contracts, and (iv) all other benefits, except 
life insurance and endowment benefits in life-insurance policies, shall 
be calculated by a method consistent with the principles of this para-
graph (2), except that any extra premiums charged because of im-
pairments or special hazards shall be disregarded in the determination 
of modified net premiums." 
SEC. 2. (a) Subsection (d) of section 5b of chapter V of the Life 
Insurance Act (D.C. Code, sec. 35-705b(d)) is amended to read as 
follows: 
L i f e Insuranc e 
Act, D. C. 
Amendment. 
62 Stat. 28. 
Mortality tsibles. 
62 Stat. 32. 
Female risks. 
62 Stat. 29. 
Reserve v a lu a-
tlon. 
62 Stat. 32. 
228 
PUBLIC LAW 86-530-JUNE 27, 1960 
[74 S T A T . 
Uniform percent-
age. 
J u v e n i l e poli-
cies. 
A d j u s t e d 
pre-
miums, c a l c u l a -
tion. 
"(d) The adjusted premiums for any policy referred to in subsec-
tion (a) shall be calculated on an annual basis and shall be such uni-
form percentage of the respective premiums specified in the policy for 
each policy year, excluding any extra premiums charged because of 
impairments or special hazards, that the present value, at the date 
of issue of the policy, of all such adjusted premiums shall be equal 
to the sum of (i) the then present value of the future guaranteed 
benefits provided for by the policy; (ii) 2 per centum of the amount 
of insurance, if the insurance be uniform in amount, or of the 
equivalent uniform amount, as hereinafter defined, if the amount of 
insurance varies with duration of the policy; (iii) 40 per centum of 
the adjusted premium for the first policy year; (iv) 25 per centum of 
either the adjusted premium for the first policy year or the adjusted 
premium for a whole life policy of the same uniform or equivalent uni-
form amount with uniform premiums for the whole of life issued at 
the same age for the same amount of insurance, whichever is less: 
Provided^ however^ That in applying the percentages specified in (iii) 
and (iv) above, no adjusted premium shall be deemed to exceed 4 per 
centum of the amount of insurance or uniform amount equivalent 
thereto. 
"In the case of a policy providing an amount of insurance varying 
with duration of the policy, the equivalent uniform amount thereof 
for the purpose of this subsection shall be deemed to be the uniform 
amount of insurance provided by an otherwise similar policy, con-
taining the same endowment benefit or benefits, if any, issued at the 
same age and for the same term, the amount of which does not vary 
with duration and the benefits under which have the same present value 
at the date of issue as the benefits under the policy: Provided^ however^ 
That in the case of a policy providing a varying amount of insurance 
issued on the life of a child under age ten, the equivalent uniform 
amount may be computed as though the amount of insurance pro-
vided by the policy prior to the attainment of age ten were the amount 
provided by such policy at age ten. 
"Except as otherwise provided in the next succeeding paragraph of 
this subsection, all adjusted premiums and present values referred 
to in this section shall for all policies of ordinary insurance be cal-
culated on the basis of the Commissioners 1941 Standard Ordinary 
Mortality Table, provided that for any category of ordinary insurance 
issued on female risks, adjusted premiums and present values may be 
calculated according to an age not more than three years younger than 
the actual age of the insured. 
Such calculations for all policies of 
industrial insurance shall be made on the basis of the 1941 Standard 
Industrial Mortality Table. All calculations shall be made on the 
basis of the rate of interest, not exceeding 3i/^ per centum per annum, 
specified in the policy for calculating cash surrender values, if any, 
and paid-up nonforfeiture benefits: Provided^ however^ That in calcu-
lating the present value of any paid-up term insurance with accom-
panying pure endowment, if any, offered as a nonforfeiture benefit, the 
rates of mortality assumed may be not more than 130 per centum of 
the rates of mortality according to such applicable table: Provided 
further^ That for insurance issued on a substandard basis, the calcula-
tion of any such adjusted premiums and present values may be based 
on such other table of mortality as may be specified by the company 
and approved by the Superintendent. 
"In the case of ordinary policies issued on or after the operative 
date of this paragraph as defined herein, all adjusted premiums and 
present values referred to in this section shall be calculated on the 
basis of the Commissioners 1958 Standard Ordinary Mortality Table 
and the rate of interest, not exceeding 3i/^ per centum per annum, 
74 S T A T . ] 
PUBLIC LAW 86-531-JUNE 27, 1960 
229 
specified in the policy for calculating cash surrender values, if any, 
and paid-up nonforieiture benefits, provided that for any category 
of ordinary insurance issued on female risks, adjusted premiums and 
present values may be calculated according to an age not more than 
three years younger than the actual age of the insured: 
Provided, 
however, That in calculating the present value of any paid-up term 
insurance with accompanying pure endowment, if any, offered as a 
nonforfeiture benefit, the rates of mortality assumed may be not more 
than those shown in the Commissioners 1968 Extended Term Insur-
ance Table: Provided further, 
That for insurance issued on a sub-
standard basis, the calculation of any such adjusted premiums and 
present values may be based on such other table of mortality as may 
be specified by the company and approved by the Superintendent. 
After the effective date of the amendatory Act of 1960, any com-
pany may file with the Superintendent a written notice of its election 
to comply with the provisions of this paragraph after a specified date 
before January 1, 1966. After the nling of such notice, then upon 
such specified date (which shall be the operative date of this para-
graph for such company), this paragraph shall become operative 
with respect to the ordinary policies thereafter issued by such com-
pany. If a company makes no such election, the operative date of 
this paragraph for such company shall be January 1^ 1966." 
(b) Clause (iv) of the fourth sentence of subsection (e) of such 
section (D.C. Code, sec. 35-705b(e)) is amended by striking out 
"decreasing". 
(c) The last sentence of subsection (g) of such section (D.C. Code, 
sec. 36-705b(g)) is amended by inserting immediately before the 
period at the end thereof the following: ": Provided, however, That 
the operative date of the last paragraph of subsection (d) shall be as 
stated therein". 
Approved June 27, 1960. 
Operative date. 
62 Stat. 33. 
62 Stat. 34. 
Public Law 86-531 
AN ACT 
To provide for the representation of indigents in judicial proceedings in the 
District of Columbia. 
June 27, 1960 
[H. R. 10761] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemJbled, That this Act may 
be cited as "The District of Columbia Legal Aid Act." 
SEC. 2. There is hereby created a Legal Aid Agency (hereinafter 
called the Agency) for the District of Columbia, to provide legal 
representation of indigents in judicial proceedings in the District 
of Columbia, as provided in section 3. 
SEC. 3. The Agency shall make attorneys available to represent in-
digents in criminal proceedings in the United States District Court 
for the District of Columbia and in preliminary hearings in felony 
cases, and in cases involving offenses against the United States in 
which imprisonment may be for one year or more in the Municipal 
Court for the District of Columbia, in proceedings before the Coroner 
for the District of Columbia and the United States Commissioner, 
in proceedings before the juvenile court of the District of Columbia, 
and in proceedings before the Commission on Mental Health of the 
District of Columbia and proceedings in the courts arising therefrom. 
The Agency shall from time to time advise each of the courts and 
tribunals named in this section of the names of the attorneys em-
ployed by the Agency who are available to accept assignments in said 
court or tribunal. The judges or other presiding officers of the several 
The District of 
C o l u m b i a Legal 
Aid Act. 
Legal Aid Agen-
cy, creation. 
Counsel 
digents. 
for in-