Page:United States Statutes at Large Volume 40 Part 1.djvu/916

 898 SIXTY-FIFTH comonnss. sas. 11. os. 145. 1918. its ent, or chartered by any pexson a citizen of the United States, . anduI2) the cargoes to be shipped in such vessels of foreign friendly Mmmm flags, whether or not they are so chartered. Such insurance on the vessel, however, is authorized only when the United States Shipping Board or its agent operates the vessel _0r the charterers are, by_the terms of the charter party or contract_with the vemel owners, required to assume the war risk or provide msurance protecting the vessel owners against war risk during the term of the charter or hire of the vessel. loeisngiigiiihuiigiizigi "The Bureau of War Risk Insurance, with the aipproval of the °‘°'°”‘ Secretary of the Treasiuy, is also hereby authorize to insure the masters, officers, and crews of vessels operated or chartered as afore- _ _ said against the loss of life or personal  by the risk of war c,(§2§'},p?""“"°”d“"”“ and for compensation during the detention ollowing cagggire by enemies of the United States, whenever it appears to the retary that the owners, operators, ·or charterers of such vessels are unable, Am m’8mmd_ in any trade, to secure such ins1n·ance on reasonable terms." ea. ’°‘ Sec. 2. That section five of the war-risk insurance Act is hereby Ad I Mm ¤_ amended to read as follows: ‘ agigggg. hsg Sec. That tgieggcretary of the gfreasury is authorized to estab- · an visory 0 to consist 0 three members skilled in the Eractices fo%W&l‘i‘1‘l1§]l; finsurance, for the purposg of assisting the urcau 0 ar nsurance in fixing` i rates 0 premium and in Oompewum adjustment of claims for losses, and generally in carrying out the purposes of   Act; the compensation of the members of said board Addmml mmbm to be determined by the Secretary of the Treasury, but_n0t to exceed adm, ta., asm $20 a day each while actually employed. llc IS hkewise uuthemzed to appoint two persons skilled in the practice of accident msurance fi} t te puppope pf_ ass1$t1ng1thphBureau 051War Risk Ingupantce m Elie a jus men_ o c aims or ea person m ury, or e en 1on· e compensation of rlplcrsons so appomted to be determined by, the Dmmmumding Secretary of the easury, but not  exceed $20 a day each while Elements by sam- actually employed. In the event of disagreement as to the claim for - °°“'”“ losses, or amount thereof, between the said bureau and the parties to such contract of insurance, an action on the claim may be brought against the United States in the district court of the nited States, compromises ab s1tt1ng ui admiralty, in the district in which the claimant or his agents tmc. may; reside. The Secretary of the Treasury is, in his judgment, authorizpd to comprplmise the claim either before or after the institution 0 an action therein.’ ,,,,{‘”"· P- ‘”·“‘“°“"‘ Suzi  That §ecti<;_nHnine of the war-risk insurance Act is hereby , amen e to rea as o ows: wiim ¤se£¢y°i»·¤£iegi “Sec. 9. That the President is authorized whenever in his jud. ment the necess1ty_of further war insurance by the United States shzil have ceased to exist to suspend the operation of this Act in so far as the Division of Marine and Seamen’s Insurance is doncerned, which suspension shall be made in any event within six months after m,‘§‘;§,’B°§,'§f’¢ °““°’ the end of the war, but shall not a act any insurance outstanding cmiauusmsez Divi- at the time or any claims pending adjustment. For the ose 0 §g¤_. . .  _ tge gnal adjuspxpient of aréyssuch outgtanding msurance or cla1ms, t e ivision 0 arine an eamen’s nsurance may, in the disc tion of the President, be continued in existence for a period iiidt D te of umd of the excegiding thesee yegrsfafltler such suspsglsion. ’%,,,,,m,.,d_ ‘ ewor ‘en 0 thewar asu herein shallb d dto W pieap tl? date olgproclirgisgiondof texglxinie of rzitificgtioorimgi the rea y 0 peace ess residen s, y proc a ti d 1 a prior date, ui which case the date so proclaimed sliiiill ligideesmadd to be the ‘end of the war' within the meaning of this Act." Approved. July 11, 1918.