source:
  type: regulation
  id: scra-50usc-3957
  authority: 50 U.S.C. §3957 — Protection of life insurance policy
  description: '50 U.S.C. §3957 protects a servicemember''s life insurance policy assigned

    before military service as collateral. The assignee may not act on the

    assignment during military service or within one year thereafter without

    a court order.

    '
obligations:
- id: scra-50usc-3957-a
  canonical_id: scra-50usc-3957-a
  section: 50 U.S.C. §3957(a)
  description: '(a): (a) Assignment of policy protected If a life insurance policy on the life of a servicemember
    is assigned before military service to secure the payment of an obligation, the assignee of the policy
    (except the insurer in connection with a policy loan) may not exercise, during a period of military
    serv…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 50 U.S.C. §3957(a)
    source_class: scra-statute
    source_url: https://www.law.cornell.edu/uscode/text/50/3957
    snapshot_id: e515bc94ae1010eb
    fetched_at: '2026-05-22T18:52:53Z'
    content_hash: sha256:da038644a0bed48c151d113f1de2848a411dd9601d9656fdbe8ba2d84728a81d
    paragraph_quote: (a) Assignment of policy protected If a life insurance policy on the life of a servicemember
      is assigned before military service to secure the payment of an obligation, the assignee of the
      policy (except the insurer in connection with a policy loan) may not exercise, during a period of
      military service of the servicemember or within one year thereafter, any right or option obtained
      under the assignment without a court order.
    drafter_attestation: Verbatim subsection of 50 U.S.C. §3957 from Cornell LII snapshot e515bc94ae1010eb;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: scra-50usc-3957-b
  canonical_id: scra-50usc-3957-b
  section: 50 U.S.C. §3957(b)
  description: '(b): (b) Exception The prohibition in subsection (a) shall not apply— (1) if the assignee
    has the written consent of the insured made during the period described in subsection (a); (2) when
    the premiums on the policy are due and unpaid; or (3) upon the death of the insured.'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 50 U.S.C. §3957(a)
    source_class: scra-statute
    source_url: https://www.law.cornell.edu/uscode/text/50/3957
    snapshot_id: e515bc94ae1010eb
    fetched_at: '2026-05-22T18:52:53Z'
    content_hash: sha256:da038644a0bed48c151d113f1de2848a411dd9601d9656fdbe8ba2d84728a81d
    paragraph_quote: (b) Exception The prohibition in subsection (a) shall not apply— (1) if the assignee
      has the written consent of the insured made during the period described in subsection (a); (2) when
      the premiums on the policy are due and unpaid; or (3) upon the death of the insured.
    drafter_attestation: Verbatim subsection of 50 U.S.C. §3957 from Cornell LII snapshot e515bc94ae1010eb;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: scra-50usc-3957-c
  canonical_id: scra-50usc-3957-c
  section: 50 U.S.C. §3957(c)
  description: '(c): (c) Order refused because of material affect A court which receives an application
    for an order required under subsection (a) may refuse to grant such order if the court determines
    the ability of the servicemember to comply with the terms of the obligation is materially affected
    by military service …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 50 U.S.C. §3957(a)
    source_class: scra-statute
    source_url: https://www.law.cornell.edu/uscode/text/50/3957
    snapshot_id: e515bc94ae1010eb
    fetched_at: '2026-05-22T18:52:53Z'
    content_hash: sha256:da038644a0bed48c151d113f1de2848a411dd9601d9656fdbe8ba2d84728a81d
    paragraph_quote: (c) Order refused because of material affect A court which receives an application
      for an order required under subsection (a) may refuse to grant such order if the court determines
      the ability of the servicemember to comply with the terms of the obligation is materially affected
      by military service .
    drafter_attestation: Verbatim subsection of 50 U.S.C. §3957 from Cornell LII snapshot e515bc94ae1010eb;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: scra-50usc-3957-d
  canonical_id: scra-50usc-3957-d
  section: 50 U.S.C. §3957(d)
  description: '(d): (d) Treatment of guaranteed premiums For purposes of this subsection, premiums guaranteed
    under the provisions of subchapter IV of this chapter shall not be considered due and unpaid.'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 50 U.S.C. §3957(a)
    source_class: scra-statute
    source_url: https://www.law.cornell.edu/uscode/text/50/3957
    snapshot_id: e515bc94ae1010eb
    fetched_at: '2026-05-22T18:52:53Z'
    content_hash: sha256:da038644a0bed48c151d113f1de2848a411dd9601d9656fdbe8ba2d84728a81d
    paragraph_quote: (d) Treatment of guaranteed premiums For purposes of this subsection, premiums guaranteed
      under the provisions of subchapter IV of this chapter shall not be considered due and unpaid.
    drafter_attestation: Verbatim subsection of 50 U.S.C. §3957 from Cornell LII snapshot e515bc94ae1010eb;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: scra-50usc-3957-e
  canonical_id: scra-50usc-3957-e
  section: 50 U.S.C. §3957(e)
  description: '(e): (e) Misdemeanor A person who knowingly takes an action contrary to this section,
    or attempts to do so, shall be fined as provided in title 18, or imprisoned for not more than one
    year, or both. (Oct. 17, 1940, ch. 888, title III, § 306, as added Pub. L. 108–189, § 1 , Dec. 19,
    2003 , 117 Stat. 2850 …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 50 U.S.C. §3957(a)
    source_class: scra-statute
    source_url: https://www.law.cornell.edu/uscode/text/50/3957
    snapshot_id: e515bc94ae1010eb
    fetched_at: '2026-05-22T18:52:53Z'
    content_hash: sha256:da038644a0bed48c151d113f1de2848a411dd9601d9656fdbe8ba2d84728a81d
    paragraph_quote: (e) Misdemeanor A person who knowingly takes an action contrary to this section,
      or attempts to do so, shall be fined as provided in title 18, or imprisoned for not more than one
      year, or both. (Oct. 17, 1940, ch. 888, title III, § 306, as added Pub. L. 108–189, § 1 , Dec. 19,
      2003 , 117 Stat. 2850 ; amended Pub. L. 111–275, title III, § 303(b)(6) , Oct. 13, 2010 , 124 Stat.
      2878 .)
    drafter_attestation: Verbatim subsection of 50 U.S.C. §3957 from Cornell LII snapshot e515bc94ae1010eb;
      body isolated between nav and notes; substring-verified.
  judgment: false
