[Code of Federal Regulations]
[Title 38, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 38CFR6.21]

[Page 496]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
                CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS
 
PART 6_UNITED STATES GOVERNMENT LIFE INSURANCE--Table of Contents
 
Sec.  6.21  Guardian: definition and authority.

    (a) Definition. For the purpose of this section, the term guardian 
includes any fiduciary certified by the appropriate Veterans Service 
Center Manager under Sec.  13.55 of this title to receive benefits in a 
fiduciary capacity for an insured or beneficiary.
    (b) Authority. For the purpose of this part, a guardian of an 
insured or beneficiary shall have authority to: Apply for conversion of 
a policy or change of plan; reinstate a policy; withdraw dividends held 
on deposit or credit; select or change a dividend option; obtain a 
policy loan; cash surrender a policy; authorize a deduction from 
benefits or allotment from military retired pay to pay premiums; apply 
for and receive payment of the proceeds on a matured policy; select or 
change the premium payment option; apply for waiver of premiums; select 
or change the settlement option for beneficiaries; assign a 
beneficiary's interest as provided under section 1953 of title 38 U.S.C.

(Authority: 38 U.S.C. 1944)

[56 FR 9627, Mar. 7, 1991. Redesignated at 61 FR 29025, June 7, 1996, as 
amended at 71 FR 28586, May 17, 2006]