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 6, 1997
From Title 46-AppendixCHAPTER 24A-MERCHANT MARINE ACT, 1928SUBCHAPTER 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 Aug. 6, 1981, Pub. L. 97–31, §12(141), 95 Stat. 166 .)

Amendments

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