Where the assured is insured for an amount less than the insurable value, or, in the case of a valued policy, for an amount less than the policy valuation, he is deemed to be his own insurer in respect of the uninsured balance.
Section 81: Effect of under-insurance.
The Marine Insurance Act, 1963Central Act · Act 11 of 1963
Where this provision sits
| Act | The Marine Insurance Act, 1963 |
|---|---|
| Section | 81 |
| Marginal note | Effect of under-insurance. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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