
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC3779]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                        CHAPTER 51--PANAMA CANAL
 
              SUBCHAPTER I--ADMINISTRATION AND REGULATIONS
 
           Part 4--Claims for Injuries to Persons or Property
 
                        subpart ii--vessel damage
 
Sec. 3779. Insurance

    (a) The Commission is authorized to purchase insurance to protect 
the Commission against major and unpredictable revenue losses or 
expenses arising from catastrophic marine accidents or other 
unpredictable events.
    (b)(1) The Commission may by regulation require as a condition of 
transit through the Panama Canal or presence in the Panama Canal or 
waters adjacent thereto that any potential claimant under section 3771 
or 3772 of this title be covered by insurance against the types of 
injuries described in those sections. The amount of insurance so 
required shall be specified in those regulations, but may not exceed 
$1,000,000.
    (2) In a claim under section 3771 or 3772 of this title for which 
the Commission has required insurance under this subsection, the 
Commission's liability shall be limited to the amount of damages in 
excess of the amount of insurance required by the Commission.
    (3) In regulations under this subsection, the Commission may 
prohibit consideration or payment by it of claims presented by or on 
behalf of an insurer or subrogee of a claimant in a case for which the 
Commission has required insurance under this subsection.

(Pub. L. 96-70, title I, Sec. 1419, as added Pub. L. 99-209, Sec. 6(a), 
Dec. 23, 1985, 99 Stat. 1717; amended Pub. L. 100-203, title V, 
Sec. 5414, Dec. 22, 1987, 101 Stat. 1330-270; Pub. L. 105-261, div. C, 
title XXXV, Sec. 3509(b), Oct. 17, 1998, 112 Stat. 2270.)


                               Amendments

    1998--Pub. L. 105-261 designated existing provisions as subsec. (a) 
and added subsec. (b).
    1987--Pub. L. 100-203 inserted ``or other unpredictable events'' 
after ``marine accidents''.


                             Effective Date

    Section applicable to any claim arising on or after Dec. 23, 1985, 
see section 7(b)(1) of Pub. L. 99-209, set out as an Effective Date of 
1985 Amendment note under section 3771 of this title.

                  Section Referred to in Other Sections

    This section is referred to in sections 3771, 3772, 3776 of this 
title.
