10 U.S.C. § 12527

Current through P.L. 118-78 (published on www.congress.gov on 07/30/2024)

Section 12527 - Payment of premiums

(a) METHODS OF PAYMENT.-

(1) The monthly premium for coverage of a member of the Selected Reserve under the insurance program shall be deducted and withheld from the insured member's pay for each month.

(2) The Secretary of Defense, in consultation with the Secretary of Homeland Security, shall prescribe regulations which specify the procedures for payment of premiums by members of the Individual Ready Reserve and other members who do not receive pay on a monthly basis.

(b) ADVANCE PAY FOR PREMIUM.-The Secretary concerned may advance to an insured member the amount equal to the first insurance premium payment due under this chapter. The advance may be paid out of appropriations for military pay. An advance to a member shall be collected from the member either by deducting and withholding the amount from basic pay payable for the member or by collecting it from the member directly. No disbursing or certifying officer shall be responsible for any loss resulting from an advance under this subsection.

(c) PREMIUMS TO BE DEPOSITED IN FUND.-Premium amounts deducted and withheld from the pay of insured members and premium amounts paid directly to the Secretary shall be credited monthly to the Fund.

10 U.S.C. § 12527

Added Pub. L. 104-106, div. A, title V, §512(a)(1), Feb. 10, 1996, 110 Stat. 302; amended Pub. L. 104-201, div. A, title V, §547, Sept. 23, 1996, 110 Stat. 2524; Pub. L. 107-296, §1704(b)(1), Nov. 25, 2002, 116 Stat. 2314.

EDITORIAL NOTES

AMENDMENTS2002-Subsec. (a)(2). Pub. L. 107-296 substituted "of Homeland Security" for "of Transportation". 1996-Subsec. (a)(1). Pub. L. 104-201, §547(1), inserted "of the Selected Reserve" after "a member".Subsec. (a)(2). Pub. L. 104-201, §547(2), added par. (2) and struck out former par. (2) which read as follows: "An insured member who does not receive pay on a monthly basis shall pay the Secretary directly the premium amount applicable for the level of benefits for which the member is insured."

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF 2002 AMENDMENT Amendment by Pub. L. 107-296 effective on the date of transfer of the Coast Guard to the Department of Homeland Security, see section 1704(g) of Pub. L. 107-296, set out as a note under section 101 of this title.

Department: The term "Department" means the Department of Defense.
Fund: The term "Fund" means the Reserve Mobilization Income Insurance Fund established by section 12528(a) of this title.
Secretary concerned: The term "Secretary concerned" means-(A) the Secretary of the Army, with respect to matters concerning the Army;(B) the Secretary of the Navy, with respect to matters concerning the Navy, the Marine Corps, and the Coast Guard when it is operating as a service in the Department of the Navy;(C) the Secretary of the Air Force, with respect to matters concerning the Air Force and the Space Force; and(D) the Secretary of Homeland Security, with respect to matters concerning the Coast Guard when it is not operating as a service in the Department of the Navy.
Secretary: The term "Secretary" means the Secretary of Defense.
insurance program: The term "insurance program" means the Ready Reserve Mobilization Income Insurance Program established under section 12522 of this title.
insured member: The term "insured member" means a member of the Ready Reserve who is enrolled for coverage under the insurance program in accordance with section 12524 of this title.
officer: The term "officer" means a commissioned or warrant officer.
pay: The term "pay" includes basic pay, special pay, retainer pay, incentive pay, retired pay, and equivalent pay, but does not include allowances.