§249.4. Eligibility.

46 C.F.R. § 249.4

In General. All required marine hull insurance must be placed with:

(a)

Underwriters licensed to do business in one or more of the United States;

(b)

Underwriters at Lloyds;

(c)

Member companies of the Institute of London Underwriters; or

(d)

Other underwriters specifically approved in advance by the Maritime Administration.

Notes, amendments, and revision history

Authority: Sec. 204(b), 1109, Merchant Marine Act, 1936, as amended (46 App. U.S.C. 1114(b), 1279b); 49 CFR 1.66.

Source: 53 FR 23119, June 20, 1988, unless otherwise noted.