46 USC 53908: Additional insurance privately obtained
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46 USC 53908: Additional insurance privately obtained Text contains those laws in effect on November 14, 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.

( 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 .