War Risk and Certain Marine and Liability Insurance |
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612 percent Accounting Office ACKERSON agency ALLEN amended American amount ance appropriation approximately audit basis believe bill cargo cents Chairman charter CHUBB claims clearing organization commercial insurance Committee on Merchant Comptroller Congress connection cost Division of Wartime enactment ernment fund going Government money HART House of Representatives hull insurance indemnity insurance insurance business insurance market interest investment JOHNSON KOEHLER LATHAM legislation liability insurance losses Marine and Fisheries marine and liability marine insurance Maritime Administration Maritime Commission ment Merchant Marine Act OGDEN operation owners payments policies President private companies private insurance companies protection and indemnity provide insurance question rates reasonable reference reinsurance renegotiation RIDGWAY risk insurance Secretary of Commerce shipowners Shipping Administration statement subcommittee surety bond syndicate thing tion Treasury underwriting agents underwriting profit United States Maritime vessels War Shipping Administration Wartime Insurance wartimepandi agreement Wartimepandi contract WEICHEL World War II
Popular passages
Page 139 - ... (b) Finality. — If such agreement is approved by the Secretary (within such time as may be stated in such agreement, or later agreed to) such agreement shall be final and conclusive, and, except upon a showing of fraud or malfeasance, or misrepresentation of a material fact...
Page 143 - Insurance to attach, in the event of outbreak of war between any of the four Great Powers (France, Great Britain and/or any of the British Commonwealth of Nations, the Union of Soviet Socialist Republics and the United States of America), at and from 24 hours from midnight GMT of the day on which such outbreak of war occurs.
Page 140 - States district courts, and this remedy shall be exclusive of any other action by reason of the same subject matter against any agent or employee of the United States employed or retained under this title.
Page 139 - Corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government. The Corporation with the consent of any Federal Reserve bank or of any board, commission, independent establishment, or executive department of the Government, including any field service thereof...
Page 224 - ... whenever it appears to the Secretary that such insurance adequate for the needs of the waterborne commerce of the United States cannot be obtained on reasonable terms and conditions from companies authorized to do an insurance business in a State of the United States.
Page 138 - Territories or possessions ; and cargoes sold or purchased by citizens or residents of the United States, its Territories or possessions, under contracts of sale or purchase by the terms of which the risk of loss by war risks or the obligation to provide insurance against such risks is assumed by or falls upon a citizen or resident of the United States, its Territories or possessions...
Page 199 - It is hereby declared to be the policy of the United States to foster the development and encourage the maintenance of such a merchant marine.
Page 224 - Secretary, with the approval of the President, and after such consultation with interested agencies of the Government as the President may require...
Page 139 - Secretary directly insures any of the risk thereof. "(d) The Secretary may, and whenever he finds it practical to do so shall, employ domestic companies or groups of domestic companies authorized to do a marine insurance business in any State of the United States, to act as his underwriting agent.
Page 140 - An Act authorizing suits against the United States in admiralty, suits for salvage services, and providing for the release of merchant vessels belonging to the United States from arrest and attachment in foreign jurisdictions, and for other purposes...