46 USC 53908: Additional insurance privately obtained
Text contains those laws in effect on August 23, 2024
From Title 46-SHIPPINGSubtitle V-Merchant MarinePart C-Financial Assistance ProgramsCHAPTER 539-WAR RISK INSURANCE
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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.
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Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
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53908 | 46 App.:1293. | June 29, 1936, ch. 858, title XII, §1213, as added Sept. 7, 1950, ch. 906, |