
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 38USC1926]

 
                      TITLE 38--VETERANS' BENEFITS
 
                        PART II--GENERAL BENEFITS
 
                          CHAPTER 19--INSURANCE
 
              SUBCHAPTER I--NATIONAL SERVICE LIFE INSURANCE
 
Sec. 1926. Authority for higher interest rates for amounts 
        payable to beneficiaries
        
    Notwithstanding sections 1902, 1923, and 1925 of this title, if the 
beneficiary of an insurance policy receives the proceeds of such policy 
under a settlement option under which such proceeds are paid in equal 
monthly installments over a limited period of months, the interest that 
may be added to each such installment may be at a rate that is higher 
than the interest rate prescribed in the appropriate section of this 
subchapter. The Secretary may from time to time establish a higher 
interest rate under the preceding sentence only in accordance with a 
determination that such higher rate is administratively and actuarially 
sound for the program of insurance concerned. Any such higher interest 
rate shall be paid on the unpaid balance of such monthly installments.

(Added Pub. L. 96-128, title III, Sec. 302(a), Nov. 28, 1979, 93 Stat. 
986, Sec. 726; renumbered Sec. 1926 and amended Pub. L. 102-83, 
Secs. 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404-406.)


                               Amendments

    1991--Pub. L. 102-83, Sec. 5(a), renumbered section 726 of this 
title as this section.
    Pub. L. 102-83, Sec. 5(c)(1), substituted ``1902, 1923, and 1925'' 
for ``702, 723, and 725''.
    Pub. L. 102-83, Sec. 4(b)(1), (2)(E), substituted ``Secretary'' for 
``Administrator''.


                             Effective Date

    Section effective Nov. 28, 1979, see section 601(b) of Pub. L. 96-
128, set out as an Effective Date of 1979 Amendment note under section 
1114 of this title.
