46 U.S. Code Section 53908 - Additional insurance privately obtained

With the approval of the Secretary of Transportation, a person having an insurable interest in a vessel may obtain insurance on the vessel with other underwriting agents in addition to the insurance with the Secretary. The Secretary is not entitled to the benefit of the additional insurance.

46 U.S.C. § 53908 (2021)
Historical and Revision Notes
Historical and Revision Notes


Source (U.S. Code)Source (Statutes at Large)
53908 46 App.:1293. June 29, 1936, ch. 858, title XII, §1213, as added Sept. 7, 1950, ch. 906, 64 Stat. 777; Pub. L. 97–31, §12(141), Aug. 6, 1981, 95 Stat. 166.

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