Law Enforcement Officers Group Life Insurance Act

[AI summary unavailable — showing source text] Law Enforcement Officers Group Life Insurance Act - Authorizes the Attorney General to purchase from life insurance companies a policy or policies of group life insurance to provide the benefits specified under this Act. Provides that each such life insurance company must: (1) be licensed to issue life insurance in each of the fifty States of the United States and in the District of Columbia; and (2) as of the most recent December 31 for which information is available to the Secretary have in effect at least one percent of the total amount of group life insurance which all life insurance companies have in effect in the United States. Provides that any purchased policy will automatically insure any law enforcement officer employed on a full time basis by a State or local government which has applied to participate in the insurance program and agrees to deduct from such officer's pay the amount of the premium, to be forwarded to the proper federal agency. Specifies the amount of life insurance an officer may receive on the basis of their pay rate. Provides that each policy purchased under this Act shall contain a provision, in terms approved by the Attorney General, to the effect tha…