In General. All required marine hull insurance must be placed with:
(a) Underwriters licensed to do business in one or more of the United States;
(b) Underwriters at Lloyds;
(c) Member companies of the Institute of London Underwriters; or
(d) Other underwriters specifically approved in advance by the Maritime Administration.
authority: Sec. 204(b), 1109, Merchant Marine Act, 1936, as amended (46 App. U.S.C. 1114(b), 1279b);
49 CFR 1.66
source: 53 FR 23119, June 20, 1988, unless otherwise noted.
cite as: 46 CFR 249.4