US Code

Public Law 119-73 (01/23/2026)

50 U.S.C. § 3971

Definitions

For the purposes of this subchapter:
(1)

Policy

The term “policy” means any individual contract for whole, endowment, universal, or term life insurance (other than group term life insurance coverage), including any benefit in the nature of such insurance arising out of membership in any fraternal or beneficial association which—
(A)
provides that the insurer may not—
(i)
decrease the amount of coverage or require the payment of an additional amount as premiums if the insured engages in military service (except increases in premiums in individual term insurance based upon age); or
(ii)
limit or restrict coverage for any activity required by military service; and
(B)
is in force not less than 180 days before the date of the insured’s entry into military service and at the time of application under this subchapter.
(2)

Premium

The term “premium” means the amount specified in an insurance policy to be paid to keep the policy in force.

(3)

Insured

The term “insured” means a servicemember whose life is insured under a policy.

(4)

Insurer

The term “insurer” includes any firm, corporation, partnership, association, or business that is chartered or authorized to provide insurance and issue contracts or policies by the laws of a State or the United States.

Oct. 17, 1940, ch. 888Pub. L. 108–189, § 1117 Stat. 2851(, title IV, § 401, as added , , .)

Editorial Notes

Codification

Section was formerly classified to section 541 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

Prior Provisions

act Oct. 17, 1940, ch. 88854 Stat. 1183Oct. 6, 1942, ch. 581, § 1356 Stat. 774Pub. L. 102–12, § 9(12)105 Stat. 40Pub. L. 108–189section 3972 of this titleA prior section 401 of , art. IV, ; , ; , , , related to persons entitled to benefits, applications, and amount of insurance protected, prior to the general amendment of this Act by . See .

act Oct. 17, 1940, ch. 88854 Stat. 1183Oct. 6, 1942, ch. 581, § 1356 Stat. 773July 11, 1956, ch. 570, § 170 Stat. 528Pub. L. 102–12, § 9(11)105 Stat. 40Pub. L. 108–189Provisions similar to this section were contained in section 400 of , art. IV, ; , ; , ; , , , prior to the general amendment of this Act by .

Statutory Notes and Related Subsidiaries

Effective Date

section 3 of Pub. L. 108–189section 3901 of this titleSection applicable to any case not final before , see , set out as a note under .