Section 12532 - Termination for nonpayment of premiums; forfeiture(a) TERMINATION FOR NONPAYMENT.-The coverage of a member under the insurance program shall terminate without prior notice upon a failure of the member to make required monthly payments of premiums for two consecutive months. The Secretary may provide in the regulations for reinstatement of insurance coverage terminated under this subsection.(b) FORFEITURE.-Any person convicted of mutiny, treason, spying, or desertion, or who refuses to perform service in the armed forces or refuses to wear the uniform of any of the armed forces shall forfeit all rights to insurance under this chapter.Added Pub. L. 104-106, div. A, title V, §512(a)(1), Feb. 10, 1996, 110 Stat. 305. - Secretary
- The term "Secretary" means the Secretary of Defense.
- armed forces
- The term "armed forces" means the Army, Navy, Air Force, Marine Corps, Space Force, and Coast Guard.
- insurance program
- The term "insurance program" means the Ready Reserve Mobilization Income Insurance Program established under section 12522 of this title.