§ 1160.1 Purpose and scope
§ 1160.2 Federal Council on the Arts and the Humanities
§ 1160.3 Definitions
§ 1160.4 Eligibility for international exhibitions
§ 1160.5 Eligibility for domestic exhibitions
§ 1160.6 Application for indemnification
§ 1160.7 Certificate of national interest
§ 1160.8 Indemnity agreement
§ 1160.9 Letter of intent
§ 1160.10 v2 Loss adjustment
§ 1160.11 Certification of claim and amount of loss to the Congress
§ 1160.12 Appraisal procedures
§ 1160.13 Indemnification limits

Terms Used In 45 CFR Part 1160 - Indemnities Under the Arts and Artifacts Indemnity Act

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.