Vaccine Supply and Innovation (1985) / Chapter Skim
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Appendix B: A Vaccine Supply Public Insurance Option
Appendix B: A Vaccine Supply Public Insurance Option
Pages 164-165
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From page 164... ...
, provides for indemnification by the federal government in the amount of $500 million per occurrence, and limits total liability per occurrence to $560 million.2 In administering the program, the Nuclear Regulatory Commission is instructed to make use of the * Manufacturers in certain industries have formed captive insurance corporations to provide their liability coverage (e.g., the ladder manufacturers formed Safe Step Insurance Corporation of Bermuda)
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From page 165... ...
The Federal Deposit Insurance Corporation for banks, the Federal Savings and Loan Insurance Corporation for savings and loan institutions, and the Small Investor Protection Corporation for brokerage houses are government corporations with independent boards of directors, funded by fees assessed on the covered institutions, and backed by lines of credit from the federal government. Although the insurance they provide is not liability insurance, their organizational forms could be adapted to provide coverage for vaccine manufacturers.
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