VA Insurance Improvement Act

Section 1922B of title 38, United States Code, is amended—

(1) in subsection (a)—

(A) in paragraph (1), by striking service-disabled;

(B) by striking paragraph (3);

(C) by redesignating paragraphs (4) through (6) as paragraphs (3) through (5), respectively; and

(D) in paragraph (5)(A), as so redesignated, by striking paragraph (5) and inserting paragraph (4);

(2) in subsection (b), by striking the veteran has a service-connected disability and all that follows through the period at the end of paragraph (2) and inserting the following: the veteran submits an application for such insurance before the veteran attains 81 years of age.; and

(3) in subsection (c)(2)(B)(ii), by striking subsection (a)(5) and inserting subsection (a)(4).

Such section is further amended by striking the section heading and inserting the following:

The table of sections at the beginning of chapter 19 of such title is amended by striking the item relating to section 1922B and inserting the following new item:

(1) by redesignating paragraph (2) as paragraph (3);

(2) by inserting after paragraph (1) the following new paragraph (2):

(2) For each fiscal year, the Secretary shall determine the administrative costs to the Department that, in the judgment of the Secretary, are properly allocable to the provision of insurance under this section and shall reimburse the General Operating Expenses appropriations account and the Information Technology Systems, Department of Veterans Affairs appropriations account of the Department in appropriate amounts for such administrative costs from amounts in the Veterans Insurance and Indemnities appropriation account.

(2) ; and

(3) in paragraph (3), as so redesignated, by striking such account and inserting the Veterans Insurance and Indemnities appropriation account.