49 U.S.C. § 44304 — Reinsurance

submitted 32 years ago by Pub. L. 103-272 to r/title-49-TRANSPORTATION · 54 words · no verdicts yet

in plain englishAI-generated · not legal advice

Wherever the Secretary of Transportation may insure aircraft under this chapter, the Secretary may also reinsure part of the coverage an insurance carrier already provides. The Secretary may pass reinsurance to, or take it back from, any insurance carrier.

Whenever the Secretary of Transportation is authorized to provide insurance under this chapter, the Secretary may reinsure any part of the insurance an insurance carrier provides. The Secretary may also reinsure with, transfer to, or transfer back from, any insurance carrier any insurance or reinsurance the Secretary provides under this chapter.

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

To the extent the Secretary of Transportation is authorized to provide insurance under this chapter, the Secretary may reinsure any part of the insurance provided by an insurance carrier. The Secretary may reinsure with, transfer to, or transfer back to, any insurance carrier any insurance or reinsurance provided by the Secretary under this chapter.

Source credit: (Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 1169; Pub. L. 107–42, title II, § 201(c), Sept. 22, 2001, 115 Stat. 235; Pub. L. 112–95, title VII, § 703, Feb. 14, 2012, 126 Stat. 118.)

history & why it existsrecord from the source credit

1994Enacted · Pub. L. 103-272 · 108 Stat. 1169
2001Amended · Pub. L. 107-42 · 115 Stat. 235
2012Amended · Pub. L. 112-95 · 126 Stat. 118

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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