§ 44304. Reinsurance

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1994

   Pub. L. 103–272 § 1(e) · 108 Stat. 745

   Enacted · 49 U.S.C. § 44304

   Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 1169

   Source evidence

   Code source credit
   Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 1169

   Enacted provision · exact public law section
   Section 1. subtitles ii, ii, and v-x of title 49, united states code (a) Certain general and permanent laws of the 49 USC prec. 101 note. United States, related to transportation, are revised, codified, and enacted by subsections (c)–(e) of this section without substantive change as subtitles II, III, and V–X of title 49, United States Code, “Transportation”. Those laws may be cited as “49 U.S.C. ________”. (b) Title 49, United States Code, is amended by striking the table of subtitles at the beginning of the title and substituting the following new table of subtitles: “Subtitle “I. DEPARTMENT OF TRANSPORTATION “II. OTHER GOVERNMENT AGENCIES “III. GENERAL AND INTERMODAL PROGRAMS “IV. INTERSTATE COMMERCE “V. RAIL PROGRAMS “VI. MOTOR VEHICLE AND DRIVER PROGRAMS “VII. AVIATION PROGRAMS “VIII. PIPELINES “IX. COMMERCIAL SPACE TRANSPORTATION “X. MISCELLANEOUS (c) Title 49, United States Code, is amended by striking subtitle II, except that chapter 31 (comprising sections 3101–3104) of subtitle II is redesignated and restated as chapter 315 (comprising sections 31501–31504) of subtitle VI of title 49, as enacted by subsection (e) of this section. (d) Title 49, United States Code, is amended by adding the following immediately after subtitle I:

2. 2001

   Air Transportation Safety and System Stabilization Act

   Pub. L. 107–42 title II § 201(c) · 115 Stat. 230

   1. Struck · 49 U.S.C. § 44304

      Pub. L. 107–42 struck out subsec. (a) designation and heading “General Authority”

   2. Struck · 49 U.S.C. § 44304

      Pub. L. 107–42 struck out subsec. (b) which read as follows:

   Source evidence

   Code amendment note
   Pub. L. 107–42 struck out subsec. (a) designation and heading “General Authority” and struck out subsec. (b) which read as follows:

   “(b) Premium Levels.—The Secretary may provide reinsurance at premiums not less than, or obtain reinsurance at premiums not higher than, the premiums the Secretary establishes on similar risks or the premiums the insurance carrier charges for the insurance to be reinsured by the Secretary, whichever is most advantageous to the Secretary. However, the Secretary may make allowances to the insurance carrier for expenses incurred in providing services and facilities that the Secretary considers good business practice, except for payments by the carrier for the stimulation or solicitation of insurance business.”

   Enacted provision · exact public law section
   (c) Reinsurance.— Section 44304 of such title is amended— (1) by striking “(a) General Authority.—”; and (2) by striking subsection (b).

3. 2012

   FAA Modernization and Reform Act of 2012

   Pub. L. 112–95 title VII § 703 · 126 Stat. 11

   Substituted · 49 U.S.C. § 44304

   Pub. L. 112–95 substituted “any insurance carrier” for “the carrier”

   Source evidence

   Code amendment note
   Pub. L. 112–95 substituted “any insurance carrier” for “the carrier”.

   Enacted provision · exact public law section
   SEC. 703. CLARIFICATION OF REINSURANCE AUTHORITY.   The second sentence of section 44304 is amended by striking “the carrier” and inserting “any insurance carrier”.

4 of 4 references resolved to an enrolled provision