49 U.S.C. § 41741 — Insurance

submitted 32 years ago by Pub. L. 103-272 to r/title-49-TRANSPORTATION · 77 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary can only pay an airline under this program if the airline has filed an approved insurance policy or self-insurance plan. That coverage must be enough to pay for injuries, deaths, or property damage caused by its aircraft, up to the policy's limit.

The Secretary of Transportation may pay compensation to an airline under this subchapter only after the airline files an insurance policy or a self-insurance plan that the Secretary has approved. That policy or plan must be enough to cover bodily injury, death, or damage to other people's property caused by the aircraft's operation -- but the airline only has to pay up to whatever limit the policy or plan sets.

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

The Secretary of Transportation may pay an air carrier compensation under this subchapter only when the carrier files with the Secretary an insurance policy or self-insurance plan approved by the Secretary. The policy or plan must be sufficient to pay for bodily injury to, or death of, an individual, or for loss of or damage to property of others, resulting from the operation of aircraft, but not more than the amount of the policy or plan limits.

Source credit: (Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 1152.)

history & why it existsrecord from the source credit

1994Enacted · Pub. L. 103-272 · 108 Stat. 1152

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-272 on 1994-07-05.

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