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2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 3779 Insurance us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 51 PANAMA CANAL 3779 22 U.S.C. § 3779 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s3779 data/legal/raw/us/code/title-22/usc22.xml c39f9d1ee5d7d3e359e13135f7bc92fe2ed50000d3f4ac3a20ef08380ed3eaba b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 303c711f72d1e4df6078fef674dd4b29c839d545f2d2736691f679e487ec7761 2026-07-04 official
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22 U.S.C. § 3779 - Insurance

Text

(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 Commissions 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. 9670, title I, § 1419, as added Pub. L. 99209, § 6(a), Dec. 23, 1985, 99 Stat. 1717; amended Pub. L. 100203, title V, § 5414, Dec. 22, 1987, 101 Stat. 1330270; Pub. L. 105261, div. C, title XXXV, § 3509(b), Oct. 17, 1998, 112 Stat. 2270.)

Notes

Editorial Notes

Amendments1998—Pub. L. 105261 designated existing provisions as subsec. (a) and added subsec. (b). 1987—Pub. L. 100203 inserted “or other unpredictable events” after “marine accidents”.

Statutory Notes and Related Subsidiaries

Effective DateSection applicable to any claim arising on or after Dec. 23, 1985, see section 7(b)(1) of Pub. L. 99209, set out as an Effective Date of 1985 Amendment note under section 3771 of this title.