38 U.S. Code § 1952. Optional settlement
2003—Subsec. (c). Pub. L. 108–183 added subsec. (c).
1986—Subsec. (a). Pub. L. 99–576 substituted “the right” for “his right” in two places.
1981—Subsec. (a). Pub. L. 97–66 inserted provision empowering beneficiaries, in the case of insurance maturing after Sept. 30, 1981, and for which the insured has not exercised the right of election of the insured as provided in this subchapter, to elect to receive payment of the insurance in one sum.
1970—Pub. L. 91–291 designated existing provisions as subsec. (a) and added subsec. (b).
Amendment by Pub. L. 91–291 effective first day of first calendar month which begins more than six calendar months after June 25, 1970, see section 14(a) of Pub. L. 91–291, set out as a note under section 1317 of this title.