
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC12530]

 
                         TITLE 10--ARMED FORCES
 
                     Subtitle E--Reserve Components
 
                      PART II--PERSONNEL GENERALLY
 
        CHAPTER 1214--READY RESERVE MOBILIZATION INCOME INSURANCE
 
Sec. 12530. Payment of benefits

    (a) Commencement of Payment.--An insured member who serves in excess 
of 30 days of covered service shall be paid the amount to which such 
member is entitled on a monthly basis beginning not later than one month 
after the 30th day of covered service.
    (b) Method of Payment.--The Secretary shall prescribe in the 
regulations the manner in which payments shall be made to the member or 
to a person designated in accordance with subsection (c).
    (c) Designated Recipients.--(1) A member may designate in writing 
another person (including a spouse, parent, or other person with an 
insurable interest, as determined in accordance with the regulations 
prescribed by the Secretary) to receive payments of insurance benefits 
under the insurance program.
    (2) A member may direct that payments of insurance benefits for a 
person designated under paragraph (1) be deposited with a bank or other 
financial institution to the credit of the designated person.
    (d) Recipients in Event of Death of Insured Member.--Any insurance 
payable under the insurance program on account of a deceased member's 
period of covered service shall be paid, upon the establishment of a 
valid claim, to the beneficiary or beneficiaries which the deceased 
member designated in writing. If no such designation has been made, the 
amount shall be payable in accordance with the laws of the State of the 
member's domicile.

(Added Pub. L. 104-106, div. A, title V, Sec. 512(a)(1), Feb. 10, 1996, 
110 Stat. 304.)
