OTHER ENHANCEMENTS OF SERVICEMEMBERS’ GROUP LIFE INSURANCE COVERAGE.

SEC. 403. OTHER ENHANCEMENTS OF SERVICEMEMBERS’ GROUP LIFE INSURANCE COVERAGE.(a) Expansion of Servicemembers’ Group Life Insurance To Include Certain Members of Individual Ready Reserve.—(1) In general.—Section 1967(a)(1)(C) is amended by striking “section 1965(5)(B) of this title” and inserting “subparagraph (B) or (C) of section 1965(5) of this title”.(2) Conforming amendments.—(A) Section 1967(a)(5)(C) is amended by striking “section 1965(5)(B) of this title” and inserting “subparagraph (B) or (C) of section 1965(5) of this title”; and(B) Section 1969(g)(1)(B) is amended by striking “section 1965(5)(B) of this title” and inserting “subparagraph (B) or (C) of section 1965(5) of this title”.(b) Reduction in Period of Dependents’ Coverage After Member Separates.—Section 1968(a)(5)(B)(ii) is amended by striking “120 days after”.(c) Authority To Set Premiums for Ready Reservists’ Spouses.—Section 1969(g)(1)(B) is amended by striking “(which shall be the same for all such members)”.(d) Forfeiture of Veterans’ Group Life Insurance.—Section 1973 is amended by striking “under this subchapter” and inserting “and Veterans’ Group Life Insurance under this subchapter”.(e) Effective and Applicability Dates.—(1) The amendments made by subsection (a) shall take effect on the date of the enactment of this Act.(2) The amendment made by subsection (b) shall apply with respect to Servicemembers’ Group Life Insurance coverage for an insurable dependent of a member, as defined in section 1965(10) of title 38, United States Code (as amended by section 402 of this Act), that begins on or after the date of the enactment of this Act.122 STAT. 4175(3) The amendment made by subsection (c) shall take effect as if enacted on June 5, 2001, immediately after the enactment of the Veterans’ Survivor Benefits Improvements Act of 2001 (Public Law 107–14; 115 Stat. 25).(4) The amendment made by subsection (d) shall apply with respect to any act of mutiny, treason, spying, or desertion committed on or after the date of the enactment of this Act for which a person is found guilty, or with respect to refusal because of conscientious objections to perform service in, or to wear the uniform of, the Armed Forces on or after the date of the enactment of this Act.