§ 3779. Insurance
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/usc/title-22/section-3779A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The Commission is authorized to purchase insurance to protect the Commission against major and unpredictable revenue losses or expenses arising from catastrophic marine accidents or other unpredictable events.
(1)The Commission may by regulation require as a condition of transit through the Panama Canal or presence in the Panama Canal or waters adjacent thereto that any potential claimant under section 3771 or 3772 of this title be covered by insurance against the types of injuries described in those sections. The amount of insurance so required shall be specified in those regulations, but may not exceed $1,000,000.
(2)In a claim under section 3771 or 3772 of this title for which the Commission has required insurance under this subsection, the Commission’s liability shall be limited to the amount of damages in excess of the amount of insurance required by the Commission.
(3)In regulations under this subsection, the Commission may prohibit consideration or payment by it of claims presented by or on behalf of an insurer or subrogee of a claimant in a case for which the Commission has required insurance under this subsection.
(Pub. L. 96–70, title I, § 1419, as added Pub. L. 99–209, § 6(a), Dec. 23, 1985, 99 Stat. 1717; amended Pub. L. 100–203, title V, § 5414, Dec. 22, 1987, 101 Stat. 1330–270; Pub. L. 105–261, div. C, title XXXV, § 3509(b), Oct. 17, 1998, 112 Stat. 2270.)
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Cited by 12 sections · top 8
U.S. Code
statutes-at-large
- Public Law 99–209To amend the Panama Canal Act of 1979 in order that claims for vessels damaged outside-the-locks may be resolved in the same manner as those vessels damaged inside the locks, and for other purposes
- Public Law 100–201To authorize the acceptance of a donation of land for addition to Big Bend National Park, in the State of Texas
- Public Law 105–261To authorize appropriations for fiscal year 1999 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe personnel strengths for such fiscal year for the Armed Forces, and for other purposes
statute-compilations
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- Pub. L. 96–70, title I, § 1419
- Pub. L. 99–209, § 6(a)
- 99 Stat. 1717
- Pub. L. 100–203, title V, § 5414
- 101 Stat. 1330–270
- Pub. L. 105–261, div. C, title XXXV, § 3509(b)
- 112 Stat. 2270
- Pub. L. 105–261
- Pub. L. 100–203
- section 7(b)(1) of Pub. L. 99–209
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§ 3779
Insurance
U.S.C.×8
Stat.×3
Stat. Comp.×1
Pub. L.Pub. L. 96–70, title I, § 1419
Pub. L.Pub. L. 99–209, § 6(a)
Stat.99 Stat. 1717
Pub. L.Pub. L. 100–203, title V, § 5414
Stat.101 Stat. 1330–270
Cites 11 · showing 6Cited by 12 across 3 sources