Page:United States Statutes at Large Volume 91.djvu/1312

 91 STAT. 1278

PUBLIC LAW 95-163—NOV. 9, 1977

Public Law 95-163 95th Congress An Act Nov. 9, 1977 [H.R. 6010]

Federal Aviation Act of 1958, amendments.

To amend title XIII of the Federal Aviation Act of 1958 to expand the types of risks which the Secretary of Transportation may insure or reinsure, and for other purposes. Be it enacted by the Seriate and House of Representatives of the United States of America in Congress assembled, That (a) section 1301 of the Federal Aviation Act of 1958 (49 U.S.C. 1531) is amended to read as follows: a DEriNITIONS

49 USC 1531. 49 USC 1532.

" SEC. 1301. A s used in this title— " (1) the term 'American aircraft' means any civil aircraft of the United States and any aircraft owned or chartered by, or made available to, the United States or any department or agency thereof, the government of any State, territory, or possession of the United States, or any political subdivision thereof, or the District of Columbia; " (2) the terms 'insurance company' and 'insurance carrier' include any mutual or stock insurance company, reciprocal insurance association, and any g r o u p or association authorized to do an aviation insurance business in any State of the United States; and " (3) the term 'Secretary' means the Secretary of Transportation.", (b) The center heading of title X III of the Federal Aviation Act of 1958 is amended by striking out " W A R R I S K " and inserting in lieu thereof " A VI A T I O N ". SEC. 2. Section 1302 of the Federal Aviation Act of 1958 is amended to read as follows: " AUTHORITY To

((AUTHORITY

Approval.

INSURE

OF THE SECRETARY

" SEC. 1302. (a)(1) 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 any risk from the operation of an aircraft in the manner and to the extent provided by this title, whenever it is determined by the Secretary that such insurance cannot be obtained on reasonable terms and conditions from any company authorized to do an insurance business in a State of the United States. " (2) The President shall approve insurance or reinsurance under paragraph (1) of this subsection only if he has first made a determination that the continuation of the American aircraft, or the foreignflag aircraft, operation to be insured or reinsured is necessary to carry out the foreign policy of the United States. " (3) Insurance shall be issued under this title only to cover any risk from the operation of an aircraft while such aircraft is (A) engaged in foreign air commerce, or (B) being operated between two or more points all of which are outside of the United States.

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