Chapter 567

2006 -- S 2554

Enacted 07/10/06

 

A N  A C T

RELATING TO THE NATIONAL GUARD

          

     Introduced By: Senator Dennis L. Algiere

     Date Introduced: February 09, 2006

 

It is enacted by the General Assembly as follows:

 

     SECTION 1. Section 30-3-40.4 of the General Laws in Chapter 30-3 entitled "National

Guard" is hereby amended to read as follows:

 

     30-3-40.4. Payment of life insurance premiums. -- Any member of the National Guard

who has been mobilized in excess of thirty (30) days and who elects coverage under a term life

insurance policy issued by the federal government shall be reimbursed from the general fund for

the cost of premiums incurred by the member for said policy for any month or part thereof that

the member has been mobilized. In the event that a member of the National Guard elects

coverage in an amount in excess of two hundred fifty thousand dollars ($250,000) four hundred

thousand dollars ($400,000) under such policy, the member shall receive reimbursement from the

general fund in an amount not to exceed the amount of the premiums attributable to the first two

hundred fifty thousand dollars ($250,000) four hundred thousand dollars ($400,000) of coverage

under said policy.

 

     SECTION 2. This act shall take effect on upon passage and shall be applied retroactively

to October 1, 2005.

     

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LC01554

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