2022 -- H 7449 | |
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LC004553 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2022 | |
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A N A C T | |
RELATING TO MILITARY AFFAIRS -- NATIONAL GUARD | |
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Introduced By: Representative Patricia A. Serpa | |
Date Introduced: February 11, 2022 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 30-3-40.4 of the General Laws in Chapter 30-3 entitled "National |
2 | Guard" is hereby amended to read as follows: |
3 | 30-3-40.4. Payment of life insurance premiums. |
4 | Any member of the national guard who has been mobilized in excess of thirty (30) days |
5 | and who elects coverage under a term life insurance policy issued by the federal government, shall |
6 | be reimbursed from the general fund for the cost of premiums incurred by the member for said |
7 | policy for any month or part thereof that the member has been mobilized. In the event that a member |
8 | of the national guard elects coverage in an amount in excess of four five hundred thousand dollars |
9 | ($400,000) ($500,000) under such policy, the member shall receive reimbursement from the |
10 | general fund in an amount not to exceed the amount of the premiums attributable to the first four |
11 | five hundred thousand dollars ($400,000) ($500,000) of coverage under said policy. |
12 | SECTION 2. This act shall take effect upon passage. |
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LC004553 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO MILITARY AFFAIRS -- NATIONAL GUARD | |
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1 | This act would raise the amount of life insurance the state would provide at no charge to |
2 | Rhode Island National Guard members called up for federal duty to five hundred thousand dollars |
3 | ($500,000). |
4 | This act would take effect upon passage. |
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