m © © 
eo aoa XN Dd Oo 
10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
180 
20 
recovery has been granted, the value of the investment shall 
be determined by subtracting from ‘the value of the original 
investment any gross profits realized from development and 
processing operations: And provided further, That the liabil- 
ity under this section shall terminate ten years after commer- 
cial recovery has begun. 
INVESTMENT INSURANCE 
_ So. 14. (a) On annual payment by any licensee of a 
premium to be determined by the Secretary of Commerce, 
utilizmg standard imsurance practices and based upon the 
relative risks involved, the United States shall insure the 
licensee, in an amount not exceeding the value of the invest- 
ment, for any damages suffered through the impairment of 
the insured investment, or through the removal of hard 
minerals from the licensed block, by any other person against 
whom a legal remedy either does not exist or is unavailable 
in any legal forum to which the licensee has access. The 
Secretary of Commerce shall determine the amount owing on 
any claim for reimbursement under this section. 
(b) Insurance under this section shall be available solely 
upon the request of the licensee and after the Secretary of 
Commerce has determined that the msurance coverage re- 
quested is not readily available at a reasonable premium 
elsewhere. 
