State statute · Federal sources
Premiums and limitations on coverage and claims
49 U.S.C. s. 44306
Edition and licensing notes
Publisher. U.S. Government Publishing Office (govinfo.gov)
Edition. U.S. Code (govinfo), 2024 edition (page header); retrieved 2026-09-29
Status. U.S. Code, public domain.
What this document is
49 U.S.C. s. 44306: Premiums and limitations on coverage and claims is a state statute published by U.S. Government Publishing Office (govinfo.gov). It is one of the documents that insurance license exam questions are written from, including claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- 49 U.S.C. § 44306(d) (Maximum Insured Amount)
“(d) Maximum Insured Amount. - The insurance policy on an aircraft insured or reinsured under this chapter shall specify a stated amount that is not more than the value of the aircraft, as determined by the Secretary in accordance with reasonable business practices in the commercial aviation...”
- 49 U.S.C. § 44306(c) (Time Limits)
“The period may be extended for additional periods of not more than 1 year each only if the President decides, before each additional period, that the continued operation of the aircraft to be insured or reinsured is necessary in the interest of air commerce or national security or to carry out the...”
- 49 U.S.C. § 44306(d) (Maximum insured amount)
“The insurance policy on an aircraft insured or reinsured under this chapter shall specify a stated amount that is not more than the value of the aircraft, as determined by the Secretary in accordance with reasonable business practices in the commercial aviation insurance industry. A claim under the...”
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