An insured who elects less than the maximum amount of VALife coverage under 38 U.S.C. § 1922B(a)(4)(A) shall remain eligible to purchase additional VALife coverage up to the VALife statutory maximum. Any insured who elects to apply for additional VALife coverage shall be subject to the two-year waiting period imposed by 38 U.S.C. § 1922B(c)(2) before such additional VALife coverage is in force.

(Authority: 38 U.S.C. § 501, 1901-1929, 1981-1988)

(The Office of Management and Budget has approved the information collection provisions in this section under control number 2900-0906.)

[87 FR 73654, Dec. 1, 2022]