Statutory Text

46 U.S.C. § 53902 — Authority to provide insurance

U.S.C. Title 46 - SHIPPING 46 U.S.C. United States Code, 2023 Edition Title 46 - SHIPPING Subtitle V - Merchant Marine Part C - Financial Assistance Programs CHAPTER 539 - WAR RISK INSURANCE Sec. 53902 - Authority to provide insurance From the U.S. Government Publishing Office, www.gpo.gov

§53902. Authority to provide insurance

(a) In General.—With the approval of the President, and after such consultation with interested agencies of United States Government as the President may require, the Secretary of Transportation may provide insurance and reinsurance against loss or damage from war risks as provided by this chapter whenever it appears to the Secretary that insurance adequate for the needs of the waterborne commerce of the United States cannot be obtained on reasonable terms and conditions from companies authorized to do insurance business in a State of the United States. (b) Consideration of Risk.—Insurance or reinsurance under this chapter shall be based, insofar as practicable, on consideration of the risk involved. (c) Availability of Vessel During War or National Emergency.—Insurance or reinsurance for a vessel may be provided under this chapter only on the condition that the vessel will be available to the Government in time of war or national emergency.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1627.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

53902 46 App.:1282. June 29, 1936, ch. 858, title XII, §1202, as added Sept. 7, 1950, ch. 906, 64 Stat. 773; Pub. L. 101–115, §7(a), Oct. 13, 1989, 103 Stat. 694.

Source: uscode.house.gov — public domain Official Source ↗

Root-LD Entity Data

◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org

Federation ID

BS-USC46-SEC-596CC0

Entity Class

STATUTE / FEDERAL-CODE-SECTION

Domain Signature

boisestandard.org

Citation

46 U.S.C. § 53902

Jurisdiction

Federal — United States

Status

✓ ACTIVE

Source

PRIMARY-SOURCE

Source Verified

✓ TRUE

Content Hash

7cc2414040b89a7f...

Semantic Edges

Pending — corpus passes queued

The statutory text of 46 U.S.C. § 53902 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).

Navigate Corpus — Title 46

← 46 U.S.C. § 53901 46 U.S.C. § 53903 →

Ch. 539 — WAR RISK INSURANCE

46 U.S.C. § 53901 46 U.S.C. § 53902 46 U.S.C. § 53903 46 U.S.C. § 53904 46 U.S.C. § 53905 46 U.S.C. § 53906 46 U.S.C. § 53907 46 U.S.C. § 53908 46 U.S.C. § 53909 46 U.S.C. § 53910 46 U.S.C. § 53911 46 U.S.C. § 53912

46 U.S.C. — public domain ← All Legislation