Title 46, ShippingRelease 119-102
§53908 Additional Insurance Privately Obtained
Title 46 › Subtitle V — Merchant Marine › Part C — Financial Assistance Programs › CHAPTER 539 — WAR RISK INSURANCE › § 53908
Summary
If the Secretary of Transportation approves, an owner or anyone with a financial interest in a vessel may buy extra insurance for the vessel from other insurers in addition to the insurance the Secretary provides. The Secretary cannot claim coverage or payments from that extra insurance.
Full Legal Text
Title 46, §53908
Shipping, Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 5390846 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.
Reference
Citations & Metadata
Citation
46 U.S.C. § 53908
Title 46, Shipping
Last Updated
Aug 21, 2026
Release point: 119-102