Section 9: Defeasible or contingent interest.

The Marine Insurance Act, 1963Central Act · Act 11 of 1963

(1) A defeasible interest is insurable, as also is a contingent interest.

(2) In particular, where the buyer of goods has insured them, he has an insurable interest, notwithstanding that he might, at his election, have rejected the goods, or have treated them as at the sellers risk, by reason of the latter's delay in making delivery or otherwise.

Where this provision sits

Act	The Marine Insurance Act, 1963
Section	9
Marginal note	Defeasible or contingent interest.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	1

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

Search 49,000+ Central and State enactments by what a provision says, not by its number
Jump from any section to every judgment that has applied it
Search 300 million+ Indian court records alongside the statute
Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Marine Insurance Act, 1963 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.