About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

B-217769 1 (1987-07-06)

handle is hein.gao/gaobadmtf0001 and id is 1 raw text is: 

0The Comptroller General
          of the United States
          Washington, D.C. 20548

          Decision

                      Panama Canal Commission--Catastrophic
           Matter of:   Insurance Coverage

           File:      B-217769

           Date:      July 67 1987

           DIGEST

           Notwithstanding authorization in section 1419 of Panama
           Canal Act to purchase insurance coverage against cata-
           strophic marine accidents, purchase by Panama Canal Commis-
           sion of broader full scope coverage would not be illegal
           since government's general policy of self-insurance does not
           apply to Commission. Commission may therefore purchase
           insurance based upon an administrative determination of
           necessity.


           DECISION

           The Acting Administrator of the Panama Canal Commission
             (Commission or PCC) requested our decision on the extent of
             catastrophic insurance coverage the Commission may purchase.
             A letter subsequently received from the Commission's Office
             of General Counsel indicates that the Commission has issued
             a solicitation for brokerage services for the procurement of
             catastrophic insurance. The solicitation asks offerors to
             submit two proposals:
                  one that contemplates full scope catastrophic
                  coverage, and another that reflects a limited,
                  conservative interpretation of the Commission's
                  'marine accident' insurance authorizing
                  legislation.l/


            The contract award will be for one proposal or the other.
            The Commission seeks this opinion for guidance in the
            selection process.




            l/ Full scope coverage would include, in addition to
            marine accidents, such things as industrial accidents, civil
            or labor disorders, and acts of terrorism.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most