[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: 38CFR7.7]

[Page 498]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
                CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS
 
PART 7_SOLDIERS' AND SAILORS' CIVIL RELIEF--Table of Contents
 
Sec.  7.7  Maturity.

    (a) The phrase maturity of a policy as a death claim or otherwise 
(SSCRA, as amended) will not include a termination or maturity of a 
policy as a disability claim, and the policy will continue under the 
provisions of the Act as if there had been no maturity, but the 
Government shall not be liable for any premiums that the insured would 
have been relieved of paying under any provisions for payment of 
premiums in the policy.
    (b) Upon the expiration of the period of protection, the insurer 
will submit to the Department of Veterans Affairs a complete statement 
of the account on each policy, which will show the amount of 
indebtedness by reason of the premiums with interest and the credits, if 
any, then available and will be subject to audit and approval by the 
Department of Veterans Affairs. The statement of account will include 
the rate of interest charged on all indebtedness, the date of debit and 
credit entries, and such other information as may be deemed necessary in 
making an audit of the account.

[13 FR 7103, Nov. 27, 1948, as amended at 27 FR 656, Jan. 23, 1962. 
Redesignated and amended at 61 FR 29026, June 7, 1996]