United States Code
USC most recently checked for updates: Oct 30, 2020
Financial responsibility to indemnify passengers for nonperformance of transportation
A person in the United States may not arrange, offer, advertise, or provide transportation on a vessel to which this chapter applies unless the person has filed with the Federal Maritime Commission evidence of financial responsibility to indemnify passengers for nonperformance of the transportation.
To satisfy subsection (a), a person must file—
information the Commission considers necessary; or
a copy of a bond or other security, in such form as the Commission by regulation may require.
If a bond is filed, it must be issued by a bonding company authorized to do business in the United States.
cite as: 46 USC 44102