46 USC App 1293: Additional insurance with other underwriters
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46 USC App 1293: Additional insurance with other underwriters Text contains those laws in effect on January 23, 2000
From Title 46-AppendixCHAPTER 27-MERCHANT MARINE ACT, 1936SUBCHAPTER XII-WAR RISK INSURANCE
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§1293. Additional insurance with other underwriters

A person having an insurable interest in a vessel may, with the approval of the Secretary, insure with other underwriters in an amount in excess of the amount insured with the Secretary of Transportation, and in that event the Secretary of Transportation shall not be entitled to the benefit of such insurance.

(June 29, 1936, ch. 858, title XII, §1213, as added Sept. 7, 1950, ch. 906, 64 Stat. 777 ; amended Pub. L. 97–31, §12(141), Aug. 6, 1981, 95 Stat. 166 .)

Amendments

1981-Pub. L. 97–31 substituted "Secretary of Transportation" for "Secretary of Commerce" in two places.