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War Risk Insurance Act

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The War Risk Insurance Act was a piece of legislation passed by the United States Congress in 1914 to ensure the availability of war risk insurance for shipping vessels and individuals during World War I. It established a Bureau of War Risk Insurance within the Treasury Department to provide insurance policies and pay claims. On October 6, 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.

Richard Gilder Cholmeley-Jones, Director of the War Risk Bureau, eating lunch at his desk

Henry D. Lindsley served as director from December 1918 to August 1920. He was followed by R. A. Cholmeley-Jones.

1914 Act and Associated U.S. Congressional Amendments

Chronological legislation relative to the 1914 public law and legislative revisions as pertaining to the War Risk Insurance Act.

Date of Enactment Public Law Number U.S. Statute Citation U.S. Legislative Bill U.S. Presidential Administration
September 2, 1914 P.L. 63-193 38 Stat. 711 S. 6357 Woodrow Wilson
August 11, 1916 P.L. 64-209 39 Stat. 514 H.R. 13224 Woodrow Wilson
March 3, 1917 P.L. 64-387 39 Stat. 1131 H.R. 20082 Woodrow Wilson
June 12, 1917 P.L. 65-20 40 Stat. 102 S. 2133 Woodrow Wilson
October 6, 1917 P.L. 65-90 40 Stat. 398 H.R. 5723 Woodrow Wilson
April 2, 1918 Pub. Res. 65-27 40 Stat. 502 S.J.Res. 133 Woodrow Wilson
May 20, 1918 P.L. 65-151 40 Stat. 555 H.R. 11245 Woodrow Wilson
June 25, 1918 P.L. 65-175 40 Stat. 609 S. 4482 Woodrow Wilson
July 11, 1918 P.L. 65-195 40 Stat. 897 H.R. 11048 Woodrow Wilson
February 25, 1919 P.L. 65-272 40 Stat. 1160 H.R. 13273 Woodrow Wilson
March 4, 1921 P.L. 66-384 41 Stat. 1364 H.R. 15894 Woodrow Wilson
August 9, 1921 P.L. 67-47 42 Stat. 147 H.R. 6611 Warren Harding
September 22, 1922 P.L. 67-361 42 Stat. 1038 H.R. 10196 Warren Harding
December 18, 1922 P.L. 67-370 42 Stat. 1064 H.R. 8062 Warren Harding
March 2, 1923 P.L. 67-460 42 Stat. 1374 H.R. 10003 Warren Harding
March 4, 1923 P.L. 67-542 42 Stat. 1521 H.R. 14401 Warren Harding
June 7, 1924 P.L. 68-242 43 Stat. 607 S. 2257 Calvin Coolidge

References

  1. ^ Douglas, Paul H. (1918). "The War Risk Insurance Act". Journal of Political Economy. 26 (5): 461–483. doi:10.1086/253103. ISSN 0022-3808.
  2. The Standard, May 24, 1919, p. 557.

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