vessel war risk insurance
Defined in 1 place of the United States Code.
The term “vessel war risk insurance” means insurance and reinsurance provided through policies issued by the Secretary of Transportation under chapter 539 of title 46 that is provided by that Secretary without premium at the request of the Secretary of Defense and is covered by an indemnity agreement between the Secretary of Transportation and the Secretary of Defense.
Source
- 2026–present10 U.S.C. § 2645Armed Forces · Indemnification of Department of Transportation for losses covered by vessel war risk insurance · in this section
Vessel war risk insurance.—The term “vessel war risk insurance” means insurance and reinsurance provided through policies issued by the Secretary of Transportation under chapter 539 of title 46 that is provided by that Secretary without premium at the request of the Secretary of Defense and is covered by an indemnity agreement between the Secretary of Transportation and the Secretary of Defense.
Source
- 2006–202610 U.S.C. § 2645Armed Forces · Indemnification of Department of Transportation for losses covered by vessel war risk insurance · in this section
Vessel war risk insurance.—The term “vessel war risk insurance” means insurance and reinsurance provided through policies issued by the Secretary of Transportation under title XII of the Merchant Marine Act, 1936 (46 U.S.C. App. 1281 et seq.), that is provided by that Secretary without premium at the request of the Secretary of Defense and is covered by an indemnity agreement between the Secretary of Transportation and the Secretary of Defense.
Source
- 1996–200610 U.S.C. § 2645Armed Forces · Indemnification of Department of Transportation for losses covered by vessel war risk insurance · in this section