
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document affected by Public Law 107-107 Section 1048(c)(15)]
[CITE: 10USC12533]

 
                         TITLE 10--ARMED FORCES
 
                     Subtitle E--Reserve Components
 
                      PART II--PERSONNEL GENERALLY
 
        CHAPTER 1214--READY RESERVE MOBILIZATION INCOME INSURANCE
 
Sec. 12533. Termination of program

    (a) In General.--The Secretary shall terminate the insurance program 
in accordance with this section.
    (b) Termination of New Enrollments.--The Secretary may not enroll a 
member of the Ready Reserve for coverage under the insurance program 
after the date of the enactment of this section.
    (c) Termination of Coverage.--(1) The enrollment under the insurance 
program of insured members other than insured members described in 
paragraph (2) is terminated as of the date of the enactment of this 
section. The enrollment of an insured member described in paragraph (2) 
is terminated as of the date of the termination of the period of covered 
service of that member described in that paragraph.
    (2) An insured member described in this paragraph is an insured 
member who on the date of the enactment of this section is serving on 
covered service for a period of service, or has been issued an order 
directing the performance of covered service, that satisfies or would 
satisfy the entitlement-to-benefits provisions of this chapter.
    (d) Termination of Payment of Benefits.--The Secretary may not make 
any benefit payment under the insurance program after the date of the 
enactment of this section other than to an insured member who on that 
date (1) is serving on an order to covered service, (2) has been issued 
an order directing performance of covered service, or (3) has served on 
covered service before that date for which benefits under the program 
have not been paid to the member.
    (e) Termination of Insurance Fund.--The Secretary shall close the 
Fund not later than 60 days after the date on which the last benefit 
payment from the Fund is made. Any amount remaining in the Fund when 
closed shall be covered into the Treasury as miscellaneous receipts.

(Added Pub. L. 105-85, div. A, title V, Sec. 512(a), Nov. 18, 1997, 111 
Stat. 1729.)

                       References in Text

    The date of the enactment of this section, referred to in subsecs. 
(b), (c), and (d), is the date of enactment of Pub. L. 105-85 which was 
approved Nov. 18, 1997.
