A contract of marine insurance is deemed to be concluded when the proposal of the assured is accepted by the insurer, whether the policy be then issued or not; and for the purpose of showing when the proposal was accepted, reference may be made to the slip, covering note or other customary memorandum of the contract, although it be unstamped.
Section 23: When contract is deemed to be concluded.
The Marine Insurance Act, 1963Central Act · Act 11 of 1963
Where this provision sits
| Act | The Marine Insurance Act, 1963 |
|---|---|
| Section | 23 |
| Marginal note | When contract is deemed to be concluded. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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