46 C.F.R. § 308.401 Eligibility for insurance.
Title 46 - Shipping
A vessel is eligible for insurance if it is an American vessel as defined in section 1201(a), Title XII of Merchant Marine Act, 1936, as amended, (46 App. U.S.C. 1281) being constructed in a shipyard within the United States.
Title 46: Shipping
PART 308—WAR RISK INSURANCE
Subpart E—War Risk Builder's Risk Insurance
§ 308.401 Eligibility for insurance.