[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: 38CFR8.32]

[Page 515-516]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
                CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS
 
PART 8_NATIONAL SERVICE LIFE INSURANCE--Table of Contents
 
Sec.  8.32  Authority of the guardian.

    What actions does a guardian have the authority to take for 
insurance purposes? The guardian of an insured or beneficiary has the 
authority to take the following actions:
    (a) Apply for insurance or for conversion of a policy or change of 
plan;
    (b) Reinstate a policy;
    (c) Withdraw dividends held on deposit or credit;
    (d) Select or change a dividend option;
    (e) Obtain a policy loan;
    (f) Cash surrender a policy;
    (g) Authorize a deduction from benefits or allotment from military 
retired pay to pay premiums;
    (h) Apply for and receive payment of proceeds on a matured policy;
    (i) Select or change the premium payment option;

[[Page 516]]

    (j) Apply for waiver of premiums and total disability income 
benefits;
    (k) Select or change settlement options for beneficiaries; and
    (l) Assign a beneficiary's interest as provided under section 1918 
of title 38 U.S.C.

(Authority: 38 U.S.C. 1906)

[67 FR 54739, Aug. 26, 2002]