< Back to S. 996 (104th Congress, 1995–1996)

Text of the Veterans’ Insurance Reform Act of 1995

This bill was introduced on July 24, 1996, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jun 29, 1995 (Introduced).

Source: GPO

S 996 IS

104th CONGRESS

1st Session

S. 996

To amend title 38, United States Code, to change the name of Servicemen’s Group Life Insurance program to Servicemembers’ Group Life Insurance, to merge the Retired Reservists’ Servicemembers’ Group Life Insurance program into the Veterans’ Group Life Insurance program, to extend Veterans’ Group Life Insurance coverage to members of the Ready Reserve of a uniformed service who retire with less than 20 years of service, to permit an insured to convert a Veterans’ Group Life Insurance policy to an individual policy of life insurance with a commercial insurance company at any time, and to permit an insured to convert a Servicemembers’ Group Life Insurance policy to an individual policy of life insurance with a commercial company upon separation from service.

IN THE SENATE OF THE UNITED STATES

June 29 (legislative day, JUNE 19), 1995

Mr. SIMPSON (by request) introduced the following bill; which was read twice and referred to the Committee on Veterans’ Affairs


A BILL

To amend title 38, United States Code, to change the name of Servicemen’s Group Life Insurance program to Servicemembers’ Group Life Insurance, to merge the Retired Reservists’ Servicemembers’ Group Life Insurance program into the Veterans’ Group Life Insurance program, to extend Veterans’ Group Life Insurance coverage to members of the Ready Reserve of a uniformed service who retire with less than 20 years of service, to permit an insured to convert a Veterans’ Group Life Insurance policy to an individual policy of life insurance with a commercial insurance company at any time, and to permit an insured to convert a Servicemembers’ Group Life Insurance policy to an individual policy of life insurance with a commercial company upon separation from service.

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

SECTION 1. SHORT TITLE; REFERENCES TO TITLE 38, UNITED STATES CODE.

    (a) SHORT TITLE- This Act may be cited as the ‘Veterans’ Insurance Reform Act of 1995’.

    (b) REFERENCES- Except as otherwise expressly provided, whenever in this Act an amendment is expressed in terms of an amendment to a section or other provision, the reference shall be considered to be made to a section or other provision of title 38, United States Code.

SEC. 2. REMOVAL OF GENDER REFERENCES.

    (a) In General-

      (1) Section 1315(f)(1)(F) is amended by striking out ‘servicemen’s’ in the first place it appears and inserting in lieu thereof ‘servicemembers’.

      (2) Sections 1967 (a), (c), and (f), 1968(b), 1969 (a)-(e), 1970 (a), (f), and (g), 1971(b), 1973, 1974, 1977 (a), (d), (e), and (g), 3017(a), and 3224(1) are amended by striking out ‘Servicemen’s’ each place it appears and inserting in lieu thereof ‘Servicemembers’.

    (b) CONFORMING AMENDMENTS- (1)(A) The heading of subchapter III of chapter 19 is amended to read as follows:

‘SUBCHAPTER III--SERVICEMEMBERS’ GROUP LIFE INSURANCE (FORMERLY SERVICEMEN’S GROUP LIFE INSURANCE)’.

    (B) The item relating to such subchapter in the table of sections at the beginning of such chapter is amended to read as follows:

‘Subchapter III--Servicemembers’ Group Life Insurance (Formerly Servicemen’s Group Life Insurance)’.

    (2)(A) The heading of section 1974 is amended to read as follows:

‘Sec. 1974. Advisory Council on Servicemembers’ Group Life Insurance (formerly Servicemen’s Group Life Insurance)’.

    (B) The item relating to such section in the table of sections at the beginning of chapter 19 is amended to read as follows:

      ‘1974. Advisory Council on Servicemembers’ Group Life Insurance (formerly Servicemen’s Group Life Insurance)’.

SEC. 3. MERGER OF RETIRED RESERVIST SERVICE-MEMBERS’ GROUP LIFE INSURANCE AND VETERANS’ GROUP LIFE INSURANCE AND EXTENSION OF VETERANS’ GROUP LIFE INSURANCE TO MEMBERS OF THE READY RESERVES.

    (a) Section 1965(5) is amended--

      (1) in subparagraph (B), by inserting ‘and’ at the end thereof;

      (2) by striking subparagraphs (C) and (D); and

      (3) redesignating subparagraph (E) as subparagraph (C).

    (b) Section 1967 is amended--

      (1) in subsection (a)--

        (A) in paragraph (1) by inserting ‘and’ at the end thereof;

        (B) by striking paragraphs (3) and (4) in their entirety; and

        (C) by striking ‘or the first day a member of the Reserves, whether or not assigned to the Retired Reserve of a uniformed service, meets the qualifications of section 1965(5)(C) of this title, or the first day a member of the Reserves meets the qualifications of section 1965(5)(D) of this title,’; and

      (2) by striking subsection (d) in its entirety; and

      (3) by redesignating subsections (e) and (f) as subsections (d) and (e) respectively.

    (c) Section 1968 is amended--

      (1) in subsection (a)--

        (A) by striking ‘subparagraph (B), (C), or (D) of section 1965(5)’ and inserting ‘section 1965(5)(B)’ in lieu thereof;

        (B) in paragraph (4) by striking--

          (i) ‘--(A)’ and inserting a comma in lieu thereof;

          (ii) subparagraphs (B) and (C) in their entirety; and

        (C) by striking paragraphs (5) and (6) in their entirety; and

      (2) in subsection (b) by striking the last two sentences.

    (d) Section 1969 is amended--

      (1) in subsection (a)(2) by striking ‘is assigned to the Reserve (other than the Retired Reserve) and meets the qualifications of section 1965(5)(C) of this title, or is assigned to the Retired Reserve and meets the qualifications of section 1965(5)(D) of this title,’;

      (2) by striking subsection (e) in its entirety; and

      (3) by redesignating subsections (f) and (g) as subsections (e) and (f) respectively.

SEC. 4. CONVERSION TO COMMERCIAL LIFE INSURANCE POLICY.

    (a) Section 1968(b) is amended by--

      (1) adding ‘(1)’ following ‘the date such insurance would cease,’ in the first sentence;

      (2) redesignating clauses (1) and (2) in the first sentence as (A) and (B) respectively;

      (3) striking ‘title.’ at the end of the first sentence and inserting in lieu thereof ‘title, or, (2) at the election of the member, shall be converted to an individual policy of insurance as described in section 1977(e) of this title upon written application for conversion made to the participating company selected by the member and payment of the required premiums.’; and

      (4) adding ‘to Veterans’ Group Life Insurance’ following ‘automatic conversion’ in the second sentence.

    (b) Section 1977 is amended--

      (1) in paragraph (a) by striking the last two sentences and inserting in lieu thereof the following: ‘If any person insured under Veterans’ Group Life Insurance again becomes insured under Servicemembers’ Group Life Insurance but dies before terminating or converting such person’s Veterans’ Group Insurance, Veterans’ Group Life Insurance will be payable only if such person is insured for less than $200,000 under Servicemembers’ Group Life Insurance, and then only in an amount which when added to the amount of Servicemembers’ Group Life Insurance payable shall not exceed $200,000.’; and

      (2) in paragraph (e) by striking the third sentence and inserting in lieu thereof the following: ‘The Veterans’ Group Life Insurance policy will terminate on the day before the date on which the individual policy becomes effective.’.

SEC. 5. EFFECTIVE DATE.

    The Servicemembers’ Group Life Insurance of any member of the Retired Reserve of a uniform service in force on the date of enactment of this Act shall be converted, effective ninety days after that date, to Veterans’ Group Life Insurance.