The bill amends Section 30-3-40.4 of the General Laws concerning the National Guard, specifically addressing the reimbursement of life insurance premiums for mobilized members. It introduces new legal language that establishes a reimbursement policy for members who have been mobilized for more than thirty days and who opt for a federal term life insurance policy. The bill stipulates that these members will be reimbursed from the general fund for the premiums incurred during their mobilization period.

Additionally, the bill increases the maximum coverage amount eligible for reimbursement from four hundred thousand dollars ($400,000) to five hundred thousand dollars ($500,000). Members who choose coverage exceeding this new limit will only receive reimbursement for premiums related to the first five hundred thousand dollars of coverage. This change aims to enhance the financial support provided to Rhode Island National Guard members during federal duty. The act is set to take effect upon passage.

Statutes affected:
5053: 30-3-40.4