65
65
PUBLIC LAW 47—JUNE 14, 1951
STAT.]
and that receipts from such reimbursements shall be deposited as refunds to the appropriation from which paid, in the manner provided for in section 524, Tariff Act of 1930, as amended (U.S.C. 1946 edition, title 19, sec. 1524). Approved June 12, 1951.
Public Law 47
CHAPTER
46 Stat. 741.
123
AN ACT To amend IBe Civil Aeronautics Act of 1938, as amended, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Civil Aeronautics Act of 1938, as amended (U.S.C. title 49, secs. 401-581), is hereby amended by adding at the end thereof the following new title:
June 14, 1961 [S. 435]
Civil Aeronautics Act, 1038, amendments. 52 Stat. 977.
"TITLE XIII—WAR RISK INSURANCE "SEC. 1301. As used in this title— " (a) The term 'American aircraft' means 'civil aircraft of the United States' as defined in section 1 (15) of this Act, and any aircraft owned or chartered by or made available to the United States, or any department or agency thereof, or the government of any State, Territory, or possession of the United States, or any political subdivision thereof, or the District of Columbia. "(b) The term 'war risks' includes, to such extent as the Secretary may determine, all or any part of those risks which are described in 'free of capture and seizure' clauses, or analogous clauses. "(c) The term 'Secretary' means the Secretary of Commerce. " (d) The terms 'insurance company' and 'insurance carrier' in sections 1305(a) and (b) and in section 1307(d) shall include any mutual or stock insurance company, reciprocal insurance association, and any group or association authorized to do an aviation insurance business in any state of the United States. "SEC. 1302. (a) The Secretary, with the approval of the President, and after such consultation with interested agencies of the Government as the President may require, may provide insurance and reinsurance against loss or damage arising out of war risks in the manner and to the extent provided in this title, whenever it is determined by the Secretary that such insurance adequate for the needs of the air 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: Provided, That no insurance shall be issued under this title to cover war risks on persons or property engaged or transported exclusively in air commerce within the several States of the United States and the District of Columbia. " (b) Any insurance or reinsurance issued under any of the provisions of this title shall be based, insofar as practicable, upon consideration of the risk involved. "SEC. 1303. The Secretary may provide the insurance and reinsurance, authorized by section 1302 with respect to the following persons, property, or interest: " (a) American aircraft, and those foreign-flag aircraft engaged in tiircraft operations deemed by the Secretary to be in the interest of the national defense or the national economy of the United States, when so engaged.
Definitions. 49 U.S.C. S 401.
Post, pp. 66, 67.
Authority to provide insurance.
Restriction.
Aircraft.
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