33 U.S.C. § 936 — Insurance policies

submitted 99 years ago by ch. 509 to r/title-33-NAVIGATION-AND-NAVIGABLE-WATERS · 137 words · no verdicts yet

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Insurance policies issued under this chapter must protect payment of compensation even if the employer becomes insolvent or bankrupt. An insurer must give at least 30 days’ cancellation notice to the deputy commissioner and employer.

(a) Every insurance policy or contract issued under this chapter must include a provision carrying out 33 U.S.C. § 935. It must also say that the employer’s insolvency or bankruptcy, and discharge in that proceeding, does not release the insurer from paying compensation for an employee’s disability or death during the policy’s term. (b) A carrier may not cancel a policy before its stated expiration date until at least 30 days after sending cancellation notice to the deputy commissioner and employer as required by 33 U.S.C. § 912(c).

the actual law source: uscode.house.gov ↗public domain

(a)

Every policy or contract of insurance issued under authority of this chapter shall contain (1) a provision to carry out the provisions of section 935 of this title, and (2) a provision that insolvency or bankruptcy of the employer and/or discharge therein shall not relieve the carrier from payment of compensation for disability or death sustained by an employee during the life of such policy or contract.

(b)

No contract or policy of insurance issued by a carrier under this chapter shall be canceled prior to the date specified in such contract or policy for its expiration until at least thirty days have elapsed after a notice of cancellation has been sent to the deputy commissioner and to the employer in accordance with the provisions of subsection (c) of section 912 of this title.

Source credit: (Mar. 4, 1927, ch. 509, § 36, 44 Stat. 1441.)

history & why it existsrecord from the source credit

1927Enacted · Act of Mar. 4, 1927, ch. 509 · 44 Stat. 1441

A history note hasn’t been published yet. The record shows enactment by ch. 509 on 1927-03-04.

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