PAYMENT OF FULL PREMIUM FOR COVERAGE UNDER SERVICEMEMBERS’ GROUP LIFE INSURANCE PROGRAM DURING SERVICE IN OPERATION ENDURING FREEDOM OR OPERATION IRAQI FREEDOM.

SEC. 606. PAYMENT OF FULL PREMIUM FOR COVERAGE UNDER SERVICEMEMBERS’ GROUP LIFE INSURANCE PROGRAM DURING SERVICE IN OPERATION ENDURING FREEDOM OR OPERATION IRAQI FREEDOM.(a) Enhanced Allowance To Cover SGLI Deductions.—Subsection (a)(1) of section 437 of title 37, United States Code, is amended by striking “for the first $150,000” and all that follows through “of such title” and inserting “for the amount of Servicemembers’ Group Life Insurance coverage held by the member under section 1967 of such title”.(b) Conforming Amendments.—Such section is further amended—(1) in subsection (a)—(A) by striking “(1)” before “in the case of”; and(B) by striking paragraph (2);(2) by striking subsection (b); and(3) by redesignating subsection (c) as subsection (b) and in paragraph (2) of that subsection by striking “coverage amount specified in subsection (a)(1) or in effect pursuant to subsection (b),” and inserting “maximum coverage amount available for such insurance,”.(c) Clerical Amendments.—The heading for such section, and the item relating to such section in the table of sections at the beginning of chapter 7 of such title, are each amended by striking the fourth and fifth words.(d) Effective Date.—The amendments made by this section shall take effect on the first day of the first month beginning on or after the date of the enactment of this Act and shall apply 120 STAT. 2247 with respect to service by members of the Armed Forces in the theater of operations for Operation Enduring Freedom or Operation Iraqi Freedom for months beginning on or after that date.