War Risk Insurance Act
The War Risk Insurance Act was a piece of legislation passed by the United States Congress in 1914 to ensure the availability of marine insurance during World War I. It established a Bureau of War Risk Insurance within the Treasury Department to provide insurance policies and pay claims. In 1917, the War Risk Insurance Act of 1917 amended the insurance program to make life insurance coverage available to sailors in the United States Merchant Marine.
Henry D. Lindsley served as director from December 1918 to August 1920. He was followed by R. A. Cholmeley-Jones.[1]
Sources
History of US Government Involvement in Insurance , United States Department of Veterans Affairs website.
- ↑ The Standard, May 24, 1919, p. 557.
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