Contents
- (a) The Secretary shall insure any individual under 70 years o…3 changes
- (b) The amount of insurance provided an individual under this…4 changes
- (c) The premiums charged an individual for insurance under thi…3 changes
- (d) 1 change
- (e) Any amount of insurance in force under this section on the…3 changes
- (f) The Secretary may prescribe such regulations relating to e…
- (g) The amount of the insurance in force at any time shall be…3 changes
- (h) The Secretary shall issue to each individual insured under…2 changes
- (i) Insurance under this section shall terminate upon whicheve…2 changes
- (j) Termination of life insurance under this section shall not…
(e)Any amount of insurance in force under this section on the date of the death of an individual insured under this section shall be paid to the holder of the mortgage loan, for payment of which the insurance was granted, for credit on the loan indebtedness. Any liability of the United States under such insurance shall be satisfied when such payment is made. If the Secretary is the holder of the mortgage loan, the insurance proceeds shall be credited to the loan indebtedness and deposited in the Veterans Housing Benefit Program Fund established by section 3722 of this title.
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