§44302a Temporary Insurance

Summary

The Secretary can give an air carrier short-term insurance or reinsurance for up to 90 days. This coverage generally follows the same legal rules as other aviation insurance unless this part says otherwise. A temporary policy can only be issued if the carrier’s insurer ended the carrier’s war-risk liability coverage on its own by sending notice, adding an endorsement, or using an automatic termination in the policy. The temporary policy may cover hull damage, comprehensive losses, and third-party liability. The premium is a prorated amount equal to the premium that was in effect under the terminated policy. These temporary policies do not have to meet section 44302(c) and may provide coverage allowed under section 44303 as the Secretary decides, even if the President made a different finding under section 44303(a)(1).