View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
VA RIN: 2900-AO74 Publication ID: Spring 2014 
Title: Servicemembers' Group Life Insurance-Veterans' Group Life Insurance Regulation Update-ABO, VGLI Application, SGLI 2-Year Disability Extension 
Abstract: The Department of Veterans Affairs (VA) is amending its regulations concerning Servicemembers' Group Life Insurance (SGLI) to reflect the statutory provisions of the Veterans' Benefits Act of 2010, Public Law 111-275, which became law on October 13, 2010, and resulted in the need for amendments to change the SGLI Disability Extension period from 1 year to 2 years in duration; provide SGLI Traumatic Injury Protection (TSGLI) retroactive coverage effective from October 7, 2001, for all qualifying injuries regardless of the geographic location and military operation when the injuries were incurred; and remove the SGLI and Veterans' Group Life Insurance (VGLI) Accelerated Benefits Option (ABO) discount rate. This rule also updates the current address of the Office of Servicemembers' Group Life Insurance (OSGLI), managed by Prudential Insurance Company of America, to reflect where the ABO application is mailed for processing and corrects the OSGLI phone number. This rule removes the ABO application form from the regulation, and it corrects and clarifies language concerning the VGLI application period that was inadvertently incorrectly modified in a prior amendment of the regulations. 
Agency: Department of Veterans Affairs(VA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 38 CFR 9.2(b)(2)    38 CFR 9.5(d)    38 CFR 9.14(e)    38 CFR 9.14(f)(1)    38 CFR 9.14(f)(2)    38 CFR 9.20(b)(1)    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 38 USC 501    38 USC 1965 to 1980A    PL 111-275    PL 111-275, sec 402    Pl 111-275, sec 405    PL 111-275, sec 408   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Final Rule  10/00/2014 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Gregory C. Hosmer
Senior Attorney/Insurance Specialist, Insurance Program Administration & Oversight
Department of Veterans Affairs
VA Insurance Service Center, Program Administration and Oversight (290B), 5000 Wissahickon Avenue,
Philadelphia, PA 19144
Phone:215 842-2000
Fax:215 381-3502
Email: gregory.hosmer@va.gov