Abstract

W AR Risk Insurance was authorized originally in the first World War by an amendment to the War Risk Insurance Act, approved October 6, 1917 (Public No. 90, 65th Cong.). The primary purpose in furnishing this insurance was to restore to servicemen their normal status of insurability, which they lost for all practicable purposes by serving in the armed forces during the war emergency, thereby giving them the opportunity voluntarily to secure greater protection for themselves and their dependents than was provided in the event of death or permanent and total disability, resulting from personal injury suffered or disease contracted in the line of duty, under the compensation provisions of the law. It was also hoped that the system of insurance, together with the compensation system, would render unnecessary in the future a system of service pensions.

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