38 U.S. Code § 1943 - Premiums

The premium rates for insurance shall be the net rates based upon the American Experience Table of Mortality and interest at 31/2 percent per annum. Regulations shall prescribe the time and method of payment of premiums, but payments of premiums in advance shall not be required for periods of more than one month each, and may be deducted from the pay or deposit of the insured or be otherwise made at the insured’s election.

Source

(Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1158, § 743; Pub. L. 97–295, § 4(26),Oct. 12, 1982, 96 Stat. 1307; Pub. L. 99–576, title VII, § 701(30),Oct. 28, 1986, 100 Stat. 3293; renumbered § 1943,Pub. L. 102–83, § 5(a),Aug. 6, 1991, 105 Stat. 406.)
Amendments

1991—Pub. L. 102–83renumbered section 743 of this title as this section.
1986—Pub. L. 99–576substituted “the insured’s” for “his”.
1982—Pub. L. 97–295substituted “percent” for “per centum”.

 

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