108 STAT. 1126 PUBLIC LAW 103-272—JULY 5, 1994 §41112. Liability insurance and Anancial responsibility (a) LIABILITY INSURANCE. —The Secretary of Transportation may issue a certificate to a citizen of the United States to provide air transportation as an air carrier under section 41102 of this title only if the citizen complies with regulations and orders of the Secretary governing the filing of an insurance policy or self- insurance plan approved by the Secretary. The policy or plan must be sufficient to pay, not more ^.han the amount of the insurance, for bodily injury to, or death)f, an individual or for loss of, or damage to, property of others, resulting from the operation or maintenance of the aircraft under the certificate. A certificate does not remain in effect unless the carrier complies with this subsection. (b) FINANCIAL RESPONSIBILITY. —TO protect passengers and shippers using an aircraft operated by an air carrier issued a certificate under section 41102 of this title, the Secretary may require the carrier to file a performance bond or equivalent security in the amount and on terms the Secretary prescribes. The bond or security must be sufficient to ensure the carrier adequately will pay the passengers and shippers when the transportation the carrier agrees to provide is not provided. The Secretary shall prescribe the amounts to be paid under this subsection. CHAPTER 413—FOREIGN AIR TRANSPORTATION Sec. 41301. Requirement for a permit. 41302. Permits of foreign air carriers. 41303. Transfers of permits. 41304. Effective periods and amendments, modifications, suspensions, and revocations of permits. 41305. Applications for permits. 41306. Simplified procedvu-e to apply for, amend, modify, and suspend permits. 41307. Presidential review of actions about foreign air transportation. 41308. Exemption from the antitrust laws. 41309. Cooperative agreements and requests. 41310. Discriminatory practices. § 41301. Requirement for a permit A foreign air carrier may provide foreign air transportation only if the foreign air carrier holds a permit issued under this chapter authorizing the foreign air transportation. § 41302. Permits of foreign air carriers The Secretary of Transportation may issue a permit to a person (except a citizen of the United States) authorizing the person to provide foreign air transportation as a foreign air carrier if the Secretary finds that— (1) the person is fit, willing, and able to provide the foreign air transportation to be authorized by the permit and to comply with this part and regulations of the Secretary; and (2)(A) the person is qualified, and has been designated by the government of its country, to provide the foreign air transportation under an agreement with the United States Government; or (B) the foreign air transportation to be provided under the permit will be in the public interest.
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