2011 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 51 - PANAMA CANAL (§§ 3601 - 3873)
Subchapter I - ADMINISTRATION AND REGULATIONS (§§ 3611 - 3823)
Part 4 - Claims for Injuries to Persons or Property (§§ 3761 - 3779)
Subpart ii - vessel damage (§§ 3771 - 3779)
Section 3779 - Insurance
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 51 - PANAMA CANAL SUBCHAPTER I - ADMINISTRATION AND REGULATIONS Part 4 - Claims for Injuries to Persons or Property subpart ii - vessel damage Sec. 3779 - Insurance |
| Contains | section 3779 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 96-70, title I, §1419, as added Pub. L. 99-209, §6(a), Dec. 23, 1985, 99 Stat. 1717; amended Pub. L. 100-203, title V, §5414, Dec. 22, 1987, 101 Stat. 1330-270; Pub. L. 105-261, div. C, title XXXV, §3509(b), Oct. 17, 1998, 112 Stat. 2270. |
| Statutes at Large References | 99 Stat. 1717 101 Stat. 1330-270 112 Stat. 2270 |
| Public Law References | Public Law 96-70, Public Law 99-209, Public Law 100-203, Public Law 105-261 |
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(a) The Commission is authorized to purchase insurance to protect the Commission against major and unpredictable revenue losses or expenses arising from catastrophic marine accidents or other unpredictable events.
(b)(1) The Commission may by regulation require as a condition of transit through the Panama Canal or presence in the Panama Canal or waters adjacent thereto that any potential claimant under section 3771 or 3772 of this title be covered by insurance against the types of injuries described in those sections. The amount of insurance so required shall be specified in those regulations, but may not exceed $1,000,000.
(2) In a claim under section 3771 or 3772 of this title for which the Commission has required insurance under this subsection, the Commission's liability shall be limited to the amount of damages in excess of the amount of insurance required by the Commission.
(3) In regulations under this subsection, the Commission may prohibit consideration or payment by it of claims presented by or on behalf of an insurer or subrogee of a claimant in a case for which the Commission has required insurance under this subsection.
(Pub. L. 96–70, title I, §1419, as added Pub. L. 99–209, §6(a), Dec. 23, 1985, 99 Stat. 1717; amended Pub. L. 100–203, title V, §5414, Dec. 22, 1987, 101 Stat. 1330–270; Pub. L. 105–261, div. C, title XXXV, §3509(b), Oct. 17, 1998, 112 Stat. 2270.)
Amendments1998—Pub. L. 105–261 designated existing provisions as subsec. (a) and added subsec. (b).
1987—Pub. L. 100–203 inserted “or other unpredictable events” after “marine accidents”.
Effective DateSection applicable to any claim arising on or after Dec. 23, 1985, see section 7(b)(1) of Pub. L. 99–209, set out as an Effective Date of 1985 Amendment note under section 3771 of this title.
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