---
kind: "section"
citation: "10 U.S.C. § 12528"
title: "10"
title_heading: "Armed Forces"
number: "12528"
heading: "Reserve Mobilization Income Insurance Fund"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/10/12528"
units:
  - "Subtitle E — Reserve Components"
  - "Part II — Personnel Generally"
  - "Chapter 1214 — Ready Reserve Mobilization Income Insurance"
---

# §12528. Reserve Mobilization Income Insurance Fund

- (a) **Establishment.—** There is established on the books of the Treasury a [fund](/usc/10/12521.md?p=7) to be known as the “[Reserve](/usc/10/101.md?p=c-6) Mobilization Income Insurance [Fund](/usc/10/12521.md?p=7)”, which shall be administered by the [Secretary](/usc/10/12521.md?p=4) of the Treasury. The [Fund](/usc/10/12521.md?p=7) shall be used for the accumulation of [funds](/usc/10/12521.md?p=7) in order to finance the liabilities of the [insurance program](/usc/10/12521.md?p=1) on an actuarially sound basis.
- (b) **Assets of Fund.—** There shall be deposited into the [Fund](/usc/10/12521.md?p=7) the following:
  - (1) Premiums paid under [section 12527 of this title](/usc/10/12527.md).
  - (2) Any amount appropriated to the [Fund](/usc/10/12521.md?p=7).
  - (3) Any return on investment of the assets of the [Fund](/usc/10/12521.md?p=7).
- (c) **Availability.—** Amounts in the [Fund](/usc/10/12521.md?p=7) shall be available for paying insurance benefits under the [insurance program](/usc/10/12521.md?p=1).
- (d) **Investment of Assets of Fund.—** The [Secretary](/usc/10/12521.md?p=4) of the Treasury shall invest such portion of the [Fund](/usc/10/12521.md?p=7) as is not in the judgment of the [Secretary](/usc/10/12521.md?p=4) of Defense required to meet current liabilities. Such investments shall be in public debt securities with maturities suitable to the needs of the [Fund](/usc/10/12521.md?p=7), as determined by the [Secretary](/usc/10/12521.md?p=4) of Defense, and bearing interest at [rates](/usc/10/101.md?p=b-9) determined by the [Secretary](/usc/10/12521.md?p=4) of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the [United States](/usc/10/101.md?p=a-1) of comparable maturities. The income on such investments shall be credited to the [Fund](/usc/10/12521.md?p=7).
- (e) **Annual Accounting.—** At the beginning of each fiscal year, the [Secretary](/usc/10/12521.md?p=4), in consultation with the [Board of Actuaries](/usc/10/12521.md?p=6) and the [Secretary](/usc/10/12521.md?p=4) of the Treasury, shall determine the following:
  - (1) The projected amount of the premiums to be collected, investment earnings to be received, and any transfers or appropriations to be made for the [Fund](/usc/10/12521.md?p=7) for that fiscal year.
  - (2) The amount for that fiscal year of any cumulative unfunded liability (including any negative amount or any gain to the [Fund](/usc/10/12521.md?p=7)) resulting from payments of benefits.
  - (3) The amount for that fiscal year (including any negative amount) of any cumulative actuarial gain or loss to the [Fund](/usc/10/12521.md?p=7).

## Source credit

(Added Pub. L. 104–106, div. A, title V, § 512(a)(1), Feb. 10, 1996, 110 Stat. 302.)