§8.32. Authority of the guardian.
38 C.F.R. § 8.32
What actions does a guardian have the authority to take for insurance purposes? The guardian of an insured or beneficiary has the authority to take the following actions:
Apply for insurance or for conversion of a policy or change of plan;
Reinstate a policy;
Withdraw dividends held on deposit or credit;
Select or change a dividend option;
Obtain a policy loan;
Cash surrender a policy;
Authorize a deduction from benefits or allotment from military retired pay to pay premiums;
Apply for and receive payment of proceeds on a matured policy;
Select or change the premium payment option;
Apply for waiver of premiums and total disability income benefits;
Select or change settlement options for beneficiaries; and
Assign a beneficiary's interest as provided under section 1918 of title 38 U.S.C.
Notes, amendments, and revision history
Amendments
[67 FR 54739, Aug. 26, 2002]
Authority
Authority: 38 U.S.C. 501, 1901-1929, 1981-1988, unless otherwise noted.
Amendments
[67 FR 54739, Aug. 26, 2002]