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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 49 U.S.C. § 44302a Temporary insurance us united_states_code code_section 49 TRANSPORTATION 443 INSURANCE 44302a 49 U.S.C. § 44302a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc49@119-100.zip /us/usc/t49/s44302a data/legal/raw/us/code/title-49/usc49.xml c2b887d6b0b55b667c7c32e2d3e594a5158942b8330c20a1fe98b67068bac31d 0786acdd244d8f42c5a8e8ed1ec2a8dcb47dd0e02a286752710a20745702a4fb cd261b3abe29e434206f8f735fbd61da15cc5203099aeb10dafdc7b38fa9d42e 2026-07-04 official
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49 U.S.C. § 44302a - Temporary insurance

Text

(a) In General.— The Secretary may provide insurance or reinsurance under this section to or for an air carrier for 1 coverage period not to exceed 90 days. Except as otherwise provided in this section, such insurance or reinsurance shall be subject to the requirements of this chapter.

(b) Restrictions.— A policy for insurance or reinsurance issued under this section—

(1) may not be issued unless the insurance carrier of the air carrier has unilaterally terminated the air carriers war risk liability coverage pursuant to—

(A) notice under the policy;

(B) an endorsement to the policy; or

(C) an automatic termination provision in the policy or any endorsement thereto; and

(2) may cover hull, comprehensive, and third party liability risks.

(c) Premium.— A premium for insurance or reinsurance provided under this section shall be calculated based on a prorated amount equivalent to the premium that was in effect under the terminated insurance carrier policy.

(d) Approval.— A policy for insurance or reinsurance provided under this section—

(1) shall be exempt from the requirements of section 44302(c); and

(2) may provide coverage to the extent allowed under section 44303, as determined by the Secretary, notwithstanding any determination by the President in subsection (a)(1) of such section.

(Added Pub. L. 117328, div. Q, § 103(a), Dec. 29, 2022, 136 Stat. 5252.)