The Marine Insurance Act, 1963
Central Act ยท Act 11 of 196388 provisions13 citing judgments
The enactment
| Long title | An Act to codify the law relating to marine insurance. |
|---|---|
| Type | Act |
| Citation | Act 11 of 1963 |
| Year | 1963 |
| Jurisdiction | Central |
| Ministry | Ministry of Finance |
| Status | In force as published by the source |
| Provisions published | 88 |
| Subjects | financial |
Full text, provision by provision
Every provision below opens in full, free and without an account.
- Section 1 Short title and commencement.
- Section 2 Definitions.1 citing judgment
- Section 3 Marine insurance defined.1 citing judgment
- Section 4 Mixed sea and land risks.2 citing judgments
- Section 5 Lawful marine adventure.1 citing judgment
- Section 6 Avoidance of wagering contracts.1 citing judgment
- Section 7 Insurable interest defined.
- Section 8 When interest must attach.
- Section 9 Defeasible or contingent interest.1 citing judgment
- Section 11 Reinsurance.
- Section 14 Advance freight.
- Section 15 Charges of insurance.
- Section 16 Quantum of interest.
- Section 17 Assignment of interest.
- Section 18 Measure of insurable value.
- Section 19 Insurance is uberrimae fidei.1 citing judgment
- Section 20 Disclosure by assured.
- Section 21 Disclosure by agent effecting insurance.
- Section 22 Representations pending negotiation of contract.
- Section 23 When contract is deemed to be concluded.
- Section 24 Contract must be embodied in policy.
- Section 25 What policy must specify.
- Section 26 Signature of insurer.
- Section 27 Voyage and time policies.
- Section 28 Designation and subject-matter.
- Section 29 Valued policy.
- Section 30 Unvalued policy.
- Section 31 Floating policy by ship or ships.
- Section 32 Construction of terms in policy.
- Section 33 Premium to be arranged.
- Section 34 Double insurance.
- Section 35 Nature of warranty.1 citing judgment
- Section 36 When breach of warranty excused.
- Section 37 Express warranties.1 citing judgment
- Section 38 Warranty of neutrality.
- Section 39 No implied warranty of nationality.
- Section 40 Warranty of good safety.
- Section 41 Warranty of seaworthiness of ship.1 citing judgment
- Section 42 No implied warranty that goods are seaworthy.
- Section 43 Warranty of legality.
- Section 44 Implied condition as to commencement of risk.
- Section 45 Alteration of port of departure.
- Section 46 Sailing for different destination.
- Section 47 Change of voyage.
- Section 48 Deviation.
- Section 49 Several ports of discharge.
- Section 50 Delay in voyage.
- Section 51 Excuse for deviation or delay.
- Section 52 When and how policy is assignable.
- Section 53 Assured who has no interest cannot assign.
- Section 54 When premium payable.
- Section 55 Included and excluded losses.
- Section 56 Partial and total loss.
- Section 57 Actual total loss.
- Section 58 Missing ship.
- Section 59 Effect of transhipment, etc.
- Section 60 Constructive total loss defined.
- Section 61 Effect of constructive total loss.
- Section 62 Notice of abandonment.
- Section 63 Effect of abandonment.
- Section 64 Particular average loss.1 citing judgment
- Section 65 Salvage charges.
- Section 66 General average loss.1 citing judgment
- Section 67 Extent of liability of insurer for loss.
- Section 68 Total loss.
- Section 69 Partial loss of ship.
- Section 70 Partial loss of freight.
- Section 71 Partial loss of goods, merchandise, etc.
- Section 72 Apportionment of valuation.
- Section 73 General average contributions and salvage charges.
- Section 74 Liabilities to third parties.
- Section 75 General provisions as to measure of indemnity.
- Section 76 Particular average warranties.
- Section 77 Successive losses.
- Section 78 Suing and labouring clause.
- Section 79 Right of subrogation.
- Section 80 Right of contribution.
- Section 81 Effect of under-insurance.
- Section 82 Enforcement of return.
- Section 83 Return by agreement.
- Section 84 Return for failure of consideration.
- Section 85 Ratification by assured.
- Section 86 Implied obligation varied by agreement or usage.
- Section 87 Reasonable time, etc., a question of fact.
- Section 88 Covering note as evidence.
- Section 89 Power to apply Act with modifications, etc., in certain cases.
- Section 90 Certain provisions to override Transfer of Property Act, 1882.
- Section 91 Savings.
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