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The Marine Insurance Act, 1963
An Act to codify the law relating to marine insurance.
समुद्री-बीमा अधिनियम,1963
Act Details
11
1963
4/18/1963
01-08-1963
Ministry of Finance
Department of Financial Services
All Section List
Section 1
Short title and commencement.Section 2
Definitions.Section 3
Marine insurance defined.Section 4
Mixed sea and land risks.Section 5
Lawful marine adventure.Section 6
Avoidance of wagering contracts.Section 7
Insurable interest defined.Section 8
When interest must attach.Section 9
Defeasible or contingent interest.Section 10
Partial interest.Section 11
Reinsurance.Section 12
Bottomry.Section 13
Master’s and seamen’s wages.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.Section 20
Disclosure by assured.Section 21
Disclosure by agent effecting insurance.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.Section 36
When breach of warranty excused.Section 37
Express warranties.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.Section 43
Warranty of legality.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 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.Section 65
Salvage charges.Section 66
General average loss.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 74
Liabilities to third parties.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 88
Covering note as evidence.Section 91
Savings.Section 92
Repealed.