Additional insurance privately obtained

  1. Law
  2. USC 46
  3. Shipping
  4. Merchant Marine
  5. Financial Assistance Programs
  6. WAR RISK INSURANCE
  7. Additional insurance privately obtained

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§53908. Additional insurance privately obtained

With the approval of the Secretary of Transportation, a person having an insurable interest in a vessel may obtain insurance on the vessel with other underwriting agents in addition to the insurance with the Secretary. The Secretary is not entitled to the benefit of the additional insurance.

( Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1630 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
53908 46 App.:1293. June 29, 1936, ch. 858, title XII, §1213, as added Sept. 7, 1950, ch. 906, 64 Stat. 777 ; Pub. L. 97–31, §12(141), Aug. 6, 1981, 95 Stat. 166 .


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