---
kind: "section"
citation: "46 U.S.C. § 53905"
title: "46"
title_heading: "Shipping"
number: "53905"
heading: "Agency insurance"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/46/53905"
units:
  - "Subtitle V — Merchant Marine"
  - "Part C — Financial Assistance Programs"
  - "Chapter 539 — War Risk Insurance"
---

# §53905. Agency insurance

- (a) **In General.—** With the approval of the President, an agency of the [United States](/usc/46/53101.md?p=10) Government may obtain insurance provided for by this chapter from the [Secretary](/usc/46/53101.md?p=8) of Transportation, except as provided in sections 17302 and 17303 of title 40.
- (b) **Premium Waivers.—** With the approval of the President, the [Secretary](/usc/46/53101.md?p=8) of Transportation may provide insurance under this chapter at the request of the [Secretary](/usc/46/53101.md?p=8) of Defense and other agencies the President may prescribe, without payment of an insurance premium if the [Secretary](/usc/46/53101.md?p=8) of Defense or agency agrees to indemnify the [Secretary](/usc/46/53101.md?p=8) of Transportation against loss covered by the insurance. The [Secretary](/usc/46/53101.md?p=8) of Defense and agencies may make such an indemnity [agreement](/usc/46/53201.md?p=8).
- (c) **Presidential Approval.—** The signature of the President (or an official designated by the President) on the [agreement](/usc/46/53201.md?p=8) shall be treated as the approval required by [section 53902(a) of this title](/usc/46/53902.md?p=a).

## Source credit

(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1628.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 53905 | 46 App.:1285. | June 29, 1936, ch. 858, title XII, § 1205, as added Sept. 7, 1950, ch. 906, 64 Stat. 774; Pub. L. 105–261, div. A, title X, § 1071(a), Oct. 17, 1998, 112 Stat. 2137. |