§44302a Temporary Insurance

Summary

The Secretary can give an air carrier temporary insurance or reinsurance for up to 90 days. Unless this summary says otherwise, that temporary coverage follows the other rules in the chapter. The temporary policy can only be issued after the carrier’s insurer has unilaterally ended the carrier’s war-risk liability coverage by notice, an endorsement, or an automatic termination clause. It may cover hull, comprehensive, and third-party liability. The premium is a prorated amount equal to the premium that was in effect under the ended policy. These policies are exempt from the requirement in section 44302(c) and may provide coverage allowed by section 44303 as the Secretary decides, even if the President made a different determination under subsection (a)(1) of that section.