-CITE-

10 USC CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME

INSURANCE 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

.

-HEAD-

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-MISC1-

Sec.

12521. Definitions.

12522. Establishment of insurance program.

12523. Risk insured.

12524. Enrollment and election of benefits.

12525. Benefit amounts.

12526. Premiums.

12527. Payment of premiums.

12528. Reserve Mobilization Income Insurance Fund.

12529. Board of Actuaries.

12530. Payment of benefits.

12531. Purchase of insurance.

12532. Termination for nonpayment of premiums; forfeiture.

12533. Termination of program.

AMENDMENTS

1997 - Pub. L. 105-85, div. A, title V, Sec. 512(b), Nov. 18,

1997, 111 Stat. 1729, added item 12533.

-CITE-

10 USC Sec. 12521 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12521. Definitions

-STATUTE-

In this chapter:

(1) The term ''insurance program'' means the Ready Reserve

Mobilization Income Insurance Program established under section

12522 of this title.

(2) The term ''covered service'' means active duty performed by

a member of a reserve component under an order to active duty for

a period of more than 30 days which specifies that the member's

service -

(A) is in support of an operational mission for which members

of the reserve components have been ordered to active duty

without their consent; or

(B) is in support of forces activated during a period of war

declared by Congress or a period of national emergency declared

by the President or Congress.

(3) The term ''insured member'' means a member of the Ready

Reserve who is enrolled for coverage under the insurance program

in accordance with section 12524 of this title.

(4) The term ''Secretary'' means the Secretary of Defense.

(5) The term ''Department'' means the Department of Defense.

(6) The term ''Board of Actuaries'' means the Department of

Defense Education Benefits Board of Actuaries referred to in

section 2006(e)(1) of this title.

(7) The term ''Fund'' means the Reserve Mobilization Income

Insurance Fund established by section 12528(a) of this title.

-SOURCE-

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

1996, 110 Stat. 299.)

-MISC1-

EFFECTIVE DATE

Section 512(b) of Pub. L. 104-106 provided that: ''The insurance

program provided for in chapter 1214 of title 10, United States

Code, as added by subsection (a), and the requirement for

deductions and contributions for that program shall take effect on

September 30, 1996, or on any earlier date declared by the

Secretary and published in the Federal Register.''

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 12529 of this title.

-CITE-

10 USC Sec. 12522 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12522. Establishment of insurance program

-STATUTE-

(a) Establishment. - The Secretary shall establish for members of

the Ready Reserve (including the Coast Guard Reserve) an insurance

program to be known as the ''Ready Reserve Mobilization Income

Insurance Program''.

(b) Administration. - The insurance program shall be administered

by the Secretary. The Secretary may prescribe in regulations such

rules, procedures, and policies as the Secretary considers

necessary or appropriate to carry out the insurance program.

(c) Agreement With Secretary of Homeland Security. - The

Secretary and the Secretary of Homeland Security shall enter into

an agreement with respect to the administration of the insurance

program for the Coast Guard Reserve.

-SOURCE-

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

1996, 110 Stat. 299; amended Pub. L. 107-296, title XVII, Sec.

1704(b)(1), (7), Nov. 25, 2002, 116 Stat. 2314.)

-MISC1-

AMENDMENTS

2002 - Subsec. (c). Pub. L. 107-296 substituted ''Homeland

Security'' for ''Transportation'' in heading and text.

EFFECTIVE DATE OF 2002 AMENDMENT

Amendment by Pub. L. 107-296 effective on the date of transfer of

the Coast Guard to the Department of Homeland Security, see section

1704(g) of Pub. L. 107-296, set out as a note under section 101 of

this title.

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 12521 of this title.

-CITE-

10 USC Sec. 12523 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12523. Risk insured

-STATUTE-

(a) In General. - The insurance program shall insure members of

the Ready Reserve against the risk of being ordered into covered

service.

(b) Entitlement to Benefits. - (1) An insured member ordered into

covered service shall be entitled to payment of a benefit for each

month (and fraction thereof) of covered service that exceeds 30

days of covered service, except that no member may be paid under

the insurance program for more than 12 months of covered service

served during any period of 18 consecutive months.

(2) Payment shall be based solely on the insured status of a

member and on the period of covered service served by the member.

Proof of loss of income or of expenses incurred as a result of

covered service may not be required.

-SOURCE-

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

1996, 110 Stat. 300.)

-CITE-

10 USC Sec. 12524 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12524. Enrollment and election of benefits

-STATUTE-

(a) Enrollment. - (1) Except as provided in subsection (f), upon

first becoming a member of the Ready Reserve, a member shall be

automatically enrolled for coverage under the insurance program.

An automatic enrollment of a member shall be void if within 60 days

after first becoming a member of the Ready Reserve the member

declines insurance under the program in accordance with the

regulations prescribed by the Secretary.

(2) Promptly after the insurance program is established, the

Secretary shall offer to members of the reserve components who are

then members of the Ready Reserve (other than members ineligible

under subsection (f)) an opportunity to enroll for coverage under

the insurance program. A member who fails to enroll within 60 days

after being offered the opportunity shall be considered as having

declined to be insured under the program.

(3) A member of the Ready Reserve ineligible to enroll under

subsection (f) shall be afforded an opportunity to enroll upon

being released from active duty in accordance with regulations

prescribed by the Secretary if the member has not previously had

the opportunity to be enrolled under paragraph (1) or (2). A member

who fails to enroll within 60 days after being afforded that

opportunity shall be considered as having declined to be insured

under the program.

(b) Election of Benefit Amount. - The amount of a member's

monthly benefit under an enrollment shall be the basic benefit

under subsection (a) of section 12525 of this title unless the

member elects a different benefit under subsection (b) of such

section within 60 days after first becoming a member of the Ready

Reserve or within 60 days after being offered the opportunity to

enroll, as the case may be.

(c) Elections Irrevocable. - (1) An election to decline insurance

pursuant to paragraph (1) or (2) of subsection (a) is irrevocable.

(2) The amount of coverage may not be increased after enrollment.

(d) Election To Terminate. - A member may terminate an enrollment

at any time.

(e) Information To Be Furnished. - The Secretary shall ensure

that members referred to in subsection (a) are given a written

explanation of the insurance program and are advised that they have

the right to decline to be insured and, if not declined, to elect

coverage for a reduced benefit or an enhanced benefit under

subsection (b).

(f) Members Ineligible To Enroll. - Members of the Ready Reserve

serving on active duty (or full-time National Guard duty) are not

eligible to enroll for coverage under the insurance program. The

Secretary may define any additional category of members of the

Ready Reserve to be excluded from eligibility to purchase insurance

under this chapter.

(g) Members of Individual Ready Reserve. - Notwithstanding any

other provision of this section, and pursuant to regulations issued

by the Secretary, a member of the Individual Ready Reserve who

becomes a member of the Selected Reserve shall not be denied

eligibility to purchase insurance under this chapter upon becoming

a member of the Selected Reserve unless the member previously

declined to enroll in the program of insurance under this chapter

while a member of the Selected Reserve.

-SOURCE-

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

1996, 110 Stat. 300; amended Pub. L. 104-201, div. A, title V,

Sec. 542, Sept. 23, 1996, 110 Stat. 2521.)

-MISC1-

AMENDMENTS

1996 - Subsec. (g). Pub. L. 104-201 added subsec. (g).

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 12521 of this title.

-CITE-

10 USC Sec. 12525 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12525. Benefit amounts

-STATUTE-

(a) Basic Benefit. - The basic benefit for an insured member

under the insurance program is $1,000 per month (as adjusted under

subsection (d)).

(b) Reduced and Enhanced Benefits. - Under the regulations

prescribed by the Secretary, a person enrolled for coverage under

the insurance program may elect -

(1) a reduced coverage benefit equal to one-half the amount of

the basic benefit; or

(2) an enhanced benefit in the amount of $1,500, $2,000,

$2,500, $3,000, $3,500, $4,000, $4,500, or $5,000 per month (as

adjusted under subsection (d)).

(c) Amount for Partial Month. - The amount of insurance payable

to an insured member for any period of covered service that is less

than one month shall be determined by multiplying 1/30 of the

monthly benefit rate for the member by the number of days of the

covered service served by the member during such period.

(d) Adjustment of Amounts. - (1) The Secretary shall determine

annually the effect of inflation on benefits and shall adjust the

amounts set forth in subsections (a) and (b)(2) to maintain the

constant dollar value of the benefit.

(2) If the amount of a benefit as adjusted under paragraph (1) is

not evenly divisible by $10, the amount shall be rounded to the

nearest multiple of $10, except that an amount evenly divisible by

$5 but not by $10 shall be rounded to the next lower amount that is

evenly divisible by $10.

-SOURCE-

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

1996, 110 Stat. 301.)

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 12524 of this title.

-CITE-

10 USC Sec. 12526 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12526. Premiums

-STATUTE-

(a) Establishment of Rates. - (1) The Secretary, in consultation

with the Board of Actuaries, shall prescribe the premium rates for

insurance under the insurance program.

(2) The Secretary shall prescribe a fixed premium rate for each

$1,000 of monthly insurance benefit. The premium amount shall be

equal to the share of the cost attributable to insuring the member

and shall be the same for all members of the Ready Reserve who are

insured under the insurance program for the same benefit amount.

The Secretary shall prescribe the rate on the basis of the best

available estimate of risk and financial exposure, levels of

subscription by members, and other relevant factors.

(b) Level Premiums. - The premium rate prescribed for the first

year of insurance coverage of an insured member shall be continued

without change for subsequent years of insurance coverage, except

that the Secretary, after consultation with the Board of Actuaries,

may adjust the premium rate in order to fund inflation-adjusted

benefit increases on an actuarially sound basis.

-SOURCE-

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

1996, 110 Stat. 301.)

-CITE-

10 USC Sec. 12527 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12527. Payment of premiums

-STATUTE-

(a) Methods of Payment. - (1) The monthly premium for coverage of

a member of the Selected Reserve under the insurance program shall

be deducted and withheld from the insured member's pay for each

month.

(2) The Secretary of Defense, in consultation with the Secretary

of Homeland Security, shall prescribe regulations which specify the

procedures for payment of premiums by members of the Individual

Ready Reserve and other members who do not receive pay on a monthly

basis.

(b) Advance Pay for Premium. - The Secretary concerned may

advance to an insured member the amount equal to the first

insurance premium payment due under this chapter. The advance may

be paid out of appropriations for military pay. An advance to a

member shall be collected from the member either by deducting and

withholding the amount from basic pay payable for the member or by

collecting it from the member directly. No disbursing or

certifying officer shall be responsible for any loss resulting from

an advance under this subsection.

(c) Premiums To Be Deposited in Fund. - Premium amounts deducted

and withheld from the pay of insured members and premium amounts

paid directly to the Secretary shall be credited monthly to the

Fund.

-SOURCE-

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

1996, 110 Stat. 302; amended Pub. L. 104-201, div. A, title V,

Sec. 547, Sept. 23, 1996, 110 Stat. 2524; Pub. L. 107-296, title

XVII, Sec. 1704(b)(1), Nov. 25, 2002, 116 Stat. 2314.)

-MISC1-

AMENDMENTS

2002 - Subsec. (a)(2). Pub. L. 107-296 substituted ''of Homeland

Security'' for ''of Transportation''.

1996 - Subsec. (a)(1). Pub. L. 104-201, Sec. 547(1), inserted

''of the Selected Reserve'' after ''a member''.

Subsec. (a)(2). Pub. L. 104-201, Sec. 547(2), added par. (2) and

struck out former par. (2) which read as follows: ''An insured

member who does not receive pay on a monthly basis shall pay the

Secretary directly the premium amount applicable for the level of

benefits for which the member is insured.''

EFFECTIVE DATE OF 2002 AMENDMENT

Amendment by Pub. L. 107-296 effective on the date of transfer of

the Coast Guard to the Department of Homeland Security, see section

1704(g) of Pub. L. 107-296, set out as a note under section 101 of

this title.

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 12528 of this title.

-CITE-

10 USC Sec. 12528 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12528. Reserve Mobilization Income Insurance Fund

-STATUTE-

(a) Establishment. - There is established on the books of the

Treasury a fund to be known as the ''Reserve Mobilization Income

Insurance Fund'', which shall be administered by the Secretary of

the Treasury. The Fund shall be used for the accumulation of funds

in order to finance the liabilities of the insurance program on an

actuarially sound basis.

(b) Assets of Fund. - There shall be deposited into the Fund the

following:

(1) Premiums paid under section 12527 of this title.

(2) Any amount appropriated to the Fund.

(3) Any return on investment of the assets of the Fund.

(c) Availability. - Amounts in the Fund shall be available for

paying insurance benefits under the insurance program.

(d) Investment of Assets of Fund. - The Secretary of the Treasury

shall invest such portion of the Fund as is not in the judgment of

the Secretary of Defense required to meet current liabilities.

Such investments shall be in public debt securities with maturities

suitable to the needs of the Fund, as determined by the Secretary

of Defense, and bearing interest at rates determined by the

Secretary of the Treasury, taking into consideration current market

yields on outstanding marketable obligations of the United States

of comparable maturities. The income on such investments shall be

credited to the Fund.

(e) Annual Accounting. - At the beginning of each fiscal year,

the Secretary, in consultation with the Board of Actuaries and the

Secretary of the Treasury, shall determine the following:

(1) The projected amount of the premiums to be collected,

investment earnings to be received, and any transfers or

appropriations to be made for the Fund for that fiscal year.

(2) The amount for that fiscal year of any cumulative unfunded

liability (including any negative amount or any gain to the Fund)

resulting from payments of benefits.

(3) The amount for that fiscal year (including any negative

amount) of any cumulative actuarial gain or loss to the Fund.

-SOURCE-

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

1996, 110 Stat. 302.)

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 12521 of this title.

-CITE-

10 USC Sec. 12529 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12529. Board of Actuaries

-STATUTE-

(a) Actuarial Responsibility. - The Board of Actuaries shall have

the actuarial responsibility for the insurance program.

(b) Valuations and Premium Recommendations. - The Board of

Actuaries shall carry out periodic actuarial valuations of the

benefits under the insurance program and determine a premium rate

methodology for the Secretary to use in setting premium rates for

the insurance program. The Board shall conduct the first valuation

and determine a premium rate methodology not later than six months

after the insurance program is established.

(c) Effects of Changed Benefits. - If at the time of any

actuarial valuation under subsection (b) there has been a change in

benefits under the insurance program that has been made since the

last such valuation and such change in benefits increases or

decreases the present value of amounts payable from the Fund, the

Board of Actuaries shall determine a premium rate methodology, and

recommend to the Secretary a premium schedule, for the liquidation

of any liability (or actuarial gain to the Fund) resulting from

such change and any previous such changes so that the present value

of the sum of the scheduled premium payments (or reduction in

payments that would otherwise be made) equals the cumulative

increase (or decrease) in the present value of such benefits.

(d) Actuarial Gains or Losses. - If at the time of any such

valuation the Board of Actuaries determines that there has been an

actuarial gain or loss to the Fund as a result of changes in

actuarial assumptions since the last valuation or as a result of

any differences, between actual and expected experience since the

last valuation, the Board shall recommend to the Secretary a

premium rate schedule for the amortization of the cumulative gain

or loss to the Fund resulting from such changes in assumptions and

any previous such changes in assumptions or from the differences in

actual and expected experience, respectively, through an increase

or decrease in the payments that would otherwise be made to the

Fund.

(e) Insufficient Assets. - If at any time liabilities of the Fund

exceed assets of the Fund as a result of members of the Ready

Reserve being ordered to active duty as described in section

12521(2) of this title, and funds are unavailable to pay benefits

completely, the Secretary shall request the President to submit to

Congress a request for a special appropriation to cover the

unfunded liability. If appropriations are not made to cover an

unfunded liability in any fiscal year, the Secretary shall reduce

the amount of the benefits paid under the insurance program to a

total amount that does not exceed the assets of the Fund expected

to accrue by the end of such fiscal year. Benefits that cannot be

paid because of such a reduction shall be deferred and may be paid

only after and to the extent that additional funds become

available.

(f) Definition of Present Value. - The Board of Actuaries shall

define the term ''present value'' for purposes of this subsection.

-SOURCE-

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

1996, 110 Stat. 303.)

-CITE-

10 USC Sec. 12530 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12530. Payment of benefits

-STATUTE-

(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.

-SOURCE-

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

1996, 110 Stat. 304.)

-CITE-

10 USC Sec. 12531 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12531. Purchase of insurance

-STATUTE-

(a) Purchase Authorized. - The Secretary may, instead of or in

addition to underwriting the insurance program through the Fund,

purchase from one or more insurance companies a policy or policies

of group insurance in order to provide the benefits required under

this chapter. The Secretary may waive any requirement for full and

open competition in order to purchase an insurance policy under

this subsection.

(b) Eligible Insurers. - In order to be eligible to sell

insurance to the Secretary for purposes of subsection (a), an

insurance company shall -

(1) be licensed to issue insurance in each of the 50 States and

in the District of Columbia; and

(2) as of the most recent December 31 for which information is

available to the Secretary, have in effect at least one percent

of the total amount of insurance that all such insurance

companies have in effect in the United States.

(c) Administrative Provisions. - (1) An insurance company that

issues a policy for purposes of subsection (a) shall establish an

administrative office at a place and under a name designated by the

Secretary.

(2) For the purposes of carrying out this chapter, the Secretary

may use the facilities and services of any insurance company

issuing any policy for purposes of subsection (a), may designate

one such company as the representative of the other companies for

such purposes, and may contract to pay a reasonable fee to the

designated company for its services.

(d) Reinsurance. - The Secretary shall arrange with each

insurance company issuing any policy for purposes of subsection (a)

to reinsure, under conditions approved by the Secretary, portions

of the total amount of the insurance under such policy or policies

with such other insurance companies (which meet qualifying criteria

prescribed by the Secretary) as may elect to participate in such

reinsurance.

(e) Termination. - The Secretary may at any time terminate any

policy purchased under this section.

-SOURCE-

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

1996, 110 Stat. 304.)

-CITE-

10 USC Sec. 12532 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12532. Termination for nonpayment of premiums; forfeiture

-STATUTE-

(a) Termination for Nonpayment. - The coverage of a member under

the insurance program shall terminate without prior notice upon a

failure of the member to make required monthly payments of premiums

for two consecutive months. The Secretary may provide in the

regulations for reinstatement of insurance coverage terminated

under this subsection.

(b) Forfeiture. - Any person convicted of mutiny, treason,

spying, or desertion, or who refuses to perform service in the

armed forces or refuses to wear the uniform of any of the armed

forces shall forfeit all rights to insurance under this chapter.

-SOURCE-

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

1996, 110 Stat. 305.)

-CITE-

10 USC Sec. 12533 01/06/03

-EXPCITE-

TITLE 10 - ARMED FORCES

Subtitle E - Reserve Components

PART II - PERSONNEL GENERALLY

CHAPTER 1214 - READY RESERVE MOBILIZATION INCOME INSURANCE

-HEAD-

Sec. 12533. Termination of program

-STATUTE-

(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 November 18, 1997.

(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 November 18, 1997.

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 November 18, 1997, 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 November

18, 1997, 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.

-SOURCE-

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

1997, 111 Stat. 1729; amended Pub. L. 107-107, div. A, title X,

Sec. 1048(c)(15), Dec. 28, 2001, 115 Stat. 1226.)

-MISC1-

AMENDMENTS

2001 - Subsecs. (b), (c)(1). Pub. L. 107-107, Sec.

1048(c)(15)(A), substituted ''November 18, 1997.'' for ''the date

of the enactment of this section.''

Subsecs. (c)(2), (d). Pub. L. 107-107, Sec. 1048(c)(15)(B),

substituted ''November 18, 1997,'' for ''the date of the enactment

of this section''.

-CITE-