Volume 50 · 242
Public Law 75–285
To amend existing law to provide privilege of renewing expiring five-year level-premium term policies for another five-year period.
Approved June 1, 1937
Statutory text
AN ACT
To amend existing law to provide privilege of renewing expiring five-year level-premium term policies for another five-year period.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the last proviso
World War Veterans’ Act, amendment.
of the first paragraph of section 301, World War Veterans’ Act,
Five-year level-premium term policies; renewals for further period.
Renewal of expired policy.
1924, as amended (47 Stat. 334; U. S. C., title 38, sec. 512) is hereby amended to read as follows: “ Provided further, That at the expiration of any five-year period a five-year level-premium term policy may be renewed for a second or third five-year period at the premium rate for the attained age without medical examination; and in case the five-year period of any such policy shall have expired between January 24, 1937, and the expiration of five months after the date of the enactment of this amendment to this amendatory proviso and the policy has not been continued in another form of Government insurance, such policy may be renewed as of the date of its expiration on the same conditions upon payment of the back premiums within five
Notice to be given.
months after such date of enactment; and the Administrator of Veterans’ Affairs shall cause notice to be mailed to the holder of any such policy of the provisions of this amendment to this amendatory proviso. ”
W. B. Bankhead Speaker of the House of Representatives. Jno. N. Garner Vice President of the United States and President of the Senate. In the House of Representatives of the United States, June 1, 1937. Certificate of the House of Representatives.The House of Representatives having proceeded to reconsider the bill (H. R. 5478) entitled “An Act to amend existing law to provide privilege of renewing expiring five-year level-premium term policies for another five-year period, returned by the President of the United States with his objections, to the House of Representatives, in which it originated, it was Resolved, That the said bill pass, two-thirds of the House of Representatives agreeing to pass the same. Attest: South Trimble Clerk. I certify that this Act originated in the House of Representatives. South Trimble Clerk. In the Senate of the United States, June 1, 1937. Certificate of the Senate.The Senate having proceeded, in pursuance of the Constitution, to reconsider the bill (H. R. 5478), entitled “An Act to amend existing law to provide privilege of renewing expiring five-year level-premium term policies for another five-year period,” returned to the House of Representatives by the President of the United States, with his objections, and sent by the House of Representatives to the Senate with the message of the President returning the bill. Resolved, That the bill do pass, two-thirds of the Senate agreeing to pass the same. Attest: Edwin A. Halsey Secretary.