From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

Common terms and phrases

Popular passages

Page 22 - Government providing marine or air war-risk insurance. (3) In providing insurance pursuant to this subsection, the Bank may reinsure in whole or in part any company authorized to do an insurance business in any State of the United States...
Page 2 - ... 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 21 - Commission is authorized to provide marine insurance and reinsurance against loss or damage by the risks of war and reinsurance against loss or damage by marine risks...
Page 16 - (b) There shall be in the Treasury of the United States a revolving fund to be known as the marine and war-risk insurance fund (hereinafter referred to as the fund), to be used for carrying out the provisions of this subtitle, and to be constituted of such sums as may be appropriated to such fund and of moneys and receipts credited thereto as herein provided. There are hereby authorized to be appropriated to such fund such sums as may be necessary to carry out the provisions of this subtitle. All...
Page 16 - Be it enacted by the Senate and House of Representatives of the United States of America...
Page 16 - Provide marine insurance and reinsurance against loss or damage by the risks of war as authorized by Title II of the Merchant Marine Act, 1936, as amended.
Page 21 - Treasury to the credit of such fund. Payments of return premiums, losses, settlements, judgments, and all liabilities incurred by the United States under this title shall be made from such fund through the Division of Disbursement, Treasury Department.
Page 21 - Commission may insure against loss or damage by the risks of war, property, as follows : "(a) (1) American vessels (including vessels under construction), (2) cargoes shipped or to be shipped therein : Provided. That in the event of the suspension of the present neutrality law no vessel or its officers and crew, carrying contraband and no cargo of contraband shall be insured under any provision of this Act, (3) their disbursements, and freight and passage moneys, and (4) personal effects of the...
Page 16 - American vessels (including any such vessel owned or controlled by or chartered to the Commission) against loss of life, personal injury, or detention by any government except that of the United States following capture.
Page 15 - Suppose this act had been on the books 6 months ago, how much would we have actually used for insurance? Admiral LAND. I doubt if we would have used any, because we did not have the conditions 6 months ago that obtain now, and we did not have the ships. Mr. JOHNSON of West Virginia. Again, let me ask you this question : You are not going to use this money unless you have to ? Admiral LAND. That is right. Mr. JOHNSON of West Virginia. And it is not going to cost the Government anything, whether we...

Bibliographic information