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► 49 U.S.C. § 44302a 49 u.s.c. · insurance · title 49
49 U.S.C. § 44302a
Temporary insurance
Title 49 USC
● ACTIVE
Ch. 443
Jurisdiction Federal — United States
Chapter INSURANCE
Primary Source uscode.house.gov ↗
Federation ID OM-USC49-SEC-41AB73
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 49 - TRANSPORTATION 49 U.S.C. United States Code, 2023 Edition Title 49 - TRANSPORTATION SUBTITLE VII - AVIATION PROGRAMS PART A - AIR COMMERCE AND SAFETY subpart iii - safety CHAPTER 443 - INSURANCE Sec. 44302a - Temporary insurance From the U.S. Government Publishing Office, www.gpo.gov

§44302a. Temporary insurance

(a) In General.—The Secretary may provide insurance or reinsurance under this section to or for an air carrier for 1 coverage period not to exceed 90 days. Except as otherwise provided in this section, such insurance or reinsurance shall be subject to the requirements of this chapter. (b) Restrictions.—A policy for insurance or reinsurance issued under this section— (1) may not be issued unless the insurance carrier of the air carrier has unilaterally terminated the air carrier's war risk liability coverage pursuant to— (A) notice under the policy; (B) an endorsement to the policy; or (C) an automatic termination provision in the policy or any endorsement thereto; and

(2) may cover hull, comprehensive, and third party liability risks.

(c) Premium.—A premium for insurance or reinsurance provided under this section shall be calculated based on a prorated amount equivalent to the premium that was in effect under the terminated insurance carrier policy. (d) Approval.—A policy for insurance or reinsurance provided under this section— (1) shall be exempt from the requirements of section 44302(c); and (2) may provide coverage to the extent allowed under section 44303, as determined by the Secretary, notwithstanding any determination by the President in subsection (a)(1) of such section.

(Added Pub. L. 117–328, div. Q, §103(a), Dec. 29, 2022, 136 Stat. 5252.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 49 U.S.C. § 44302a is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
► NAVIGATE CORPUS title 49 · transportation
← 49 U.S.C. § 44302 49 U.S.C. § 44303 →
Chapter 443 — INSURANCE
49 U.S.C. § 4430149 U.S.C. § 4430249 U.S.C. § 44302a49 U.S.C. § 4430349 U.S.C. § 4430449 U.S.C. § 4430549 U.S.C. § 4430649 U.S.C. § 4430749 U.S.C. § 4430849 U.S.C. § 4430949 U.S.C. § 44310
49 U.S.C. — public domain ← All Legislation
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49 U.S.C.
Citation
49 U.S.C. § 44302a
Status
● ACTIVE
Chapter
443 — INSURANCE
Title
Transportation
Jurisdiction
Federal
Federation ID
OM-USC49-SEC-41AB73
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Transportation — 49 U.S.C. § 44302a