{"identifier":"/us/usc/t38/s1961","title":38,"num":"\u00a7\u202f1961.","heading":"Authority for higher interest rates for amounts payable to beneficiaries","text":"\u00a7\u202f1961.\nAuthority for higher interest rates for amounts payable to beneficiaries\nNotwithstanding\nsection 1944(b) of this title","url":"https://projectusc.org/usc/t38/s1961.html","content":[{"t":"sec","id":"/us/usc/t38/s1961","children":[{"t":"num","text":"\u00a7\u202f1961."},{"t":"heading","text":"Authority for higher interest rates for amounts payable to beneficiaries"},{"t":"content","text":"\n","children":[{"t":"p","text":"Notwithstanding ","children":[{"t":"ref","text":"section 1944(b) of this title","href":"/us/usc/t38/s1944/b","tail":", if the beneficiary of an insurance policy issued under the provisions of this subchapter receives the proceeds of such policy under a settlement option under which such proceeds are paid in equal monthly installments over a limited period of months, the interest that may be added to each such installment may be at a rate that is higher than the interest rate prescribed in such section. The Secretary may from time to time establish a higher interest rate under the preceding sentence only in accordance with a determination that such higher rate is administratively and actuarially sound. Any such higher interest rate shall be paid on the unpaid balance of such monthly installments."}],"tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}