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22 U.S.C. § 3782 — Insurance
Federal law — U.S. Code and appendices · legal_authorities
**(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.
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Source file: Laws/federal/codes/united-states-code/title-22/section-3782-insurance--99d03bd4bf.md
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Source location: Title 22, Chapter 51, § 3782; chapter-051-panama-canal.md
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**(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.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Congress enacts this section in the exercise of its authority under Article IV, section 3, clause 2 of the Constitution of the United States to dispose of and make necessary rules and regulations with respect to property of the United States.
**(b)** Prior to the transfer of property of the United States located in the Republic of Panama to the Republic of Panama pursuant to [section 3784 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3784&num=0&edition=prelim) the President shall formally advise the Government of Panama that—
(1) in fulfilling its obligations under the Panama Canal Treaty of 1977, the United States shall make no payments to the Republic of Panama derived from tax revenues of the United States;
(2) the United States retains full discretion and authority to determine whether and the extent to which tax revenues of the United States may be expended in exercising United States rights and carrying out United States responsibilities under the Panama Canal Treaty of 1977 and related agreements;
(3) no tax revenues of the United States shall be made available for obligations and expenditure after October 1, 1979, for purposes of implementing the Panama Canal Treaty of 1977 and related agreements, unless hereafter specifically approved by the Congress through the authorization and appropriation process;
(4) the total amount expended by the Commission from funds available for the use of the Commission shall not exceed the total amount deposited in the Panama Canal Revolving Fund; and
(5) the foregoing paragraphs of this subsection do not apply to expenditures made by the United States in fulfilling United States obligations to transfer the remains of our honored dead from Mount Hope Cemetery in the fo
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3771
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Federal law — U.S. Code and appendices · legal_authorities
Page 1410
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 3779
Executive Documents
DELEGATION OF FUNCTIONS
Functions vested in President by this section dele-
gated to Secretary of Defense, see section 1–303 of Ex.
Ord. No. 12215, May 27, 1980, 45 F.R. 36044, set out as a
note under section 3601 of this title.
§ 3779. Insurance
(a) The Commission is authorized to purchase
insurance to protect the Commission against
major and unpredictable revenue losses or ex-
penses arising from catastrophic marine acci-
dents or other unpredictable events.
(b)(1) The Commission may by regulation re-
quire as a condition of transit through the Pan-
ama 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 in-
juries 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 in-
surance under this subsection, the Commission’s
liability shall be limited to the amount of dam-
ages in excess of the amount of insurance re-
quired by the Commission.
(3) In regulations under this subsection, the
Commission may prohibit consideration or pay-
ment 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 insur-
ance under this subsection.
(Pub. L. 96–70, title I, § 1419, as added Pub. L.
99–209, § 6(a), Dec. 23, 1985, 99 Stat. 1717; amended
Pub. L. 100–203, title V, § 5414, Dec. 22, 1987, 101
Stat. 1330–270; Pub. L. 105–261, div. C, title
XXXV, § 3509(b), Oct. 17, 1998, 112 Stat. 2270.)
Editorial Notes
AMENDM
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 3782
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.