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VA | RIN: 2900-AR53 | Publication ID: Fall 2022 |
Title: ●National Service Life Insurance - Veterans Affairs Life Insurance (VALife) Program Amendments | |
Abstract:
The Department of Veterans Affairs (VA) amends its regulations that govern National Service Life Insurance (NSLI), among other things, to accomplish the following: (1) implement provisions contained in legislation that authorized a new program of insurance under 38 U.S.C. 1922B; (2) clarify which individuals are eligible to take actions on an insurance policy under 38 CFR 8.32; (3) elucidate on various provisions regarding coverage and benefits under the new insurance program; and (4) state which individuals are ineligible to benefit from the unlawful and wrongful killing of a veteran policyholder. |
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Agency: Department of Veterans Affairs(VA) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 38 CFR 3.353 38 CFR 8.11 38 CFR 8.0(e) | |
Legal Authority: 5 U.S.C. 601 to 612 38 U.S.C. 1922B(a)(1) 5 U.S.C. 605(b) 2 U.S.C. 1532 38 U.S.C. 1922B(c)(3)(A) |
Legal Deadline:
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Overall Description of Deadline: Section 1922B of title 38, United States Code, requires VA to issue policies under a new program of veterans' life insurance beginning on January 1, 2023. Consistent with 38 U.S.C. 1922B and other statutes in the NSLI subchapter (38 U.S.C. 1901-1929), VA proposes to implement this new program of insurance by amending 38 CFR part 8 as set forth below. |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.regulations.gov | |
RIN Data Printed in the FR: No | |
Agency Contact: Paul Weaver Department of Veterans Affairs 5000 Wissahickon Avenue, Philadelphia, PA 19144 Phone:215 842-2000 Email: paul.weaver1@va.gov |