Marine Insurance Act, 1963
[Act No. 11 of 1963 dated 18th. April, 1963]
| Contents | |
| Sections | Particulars |
| 1 | Short title and commencement |
| 2 | Definitions |
| 3 | Marine insurance defined |
| 4 | Mixed sea and land risks |
| 5 | Lawful marine adventure |
| 6 | Avoidance of wagering contracts |
| 7 | Insurable interest defined |
| 8 | When interest must attach |
| 9 | Defensible or contingent interest |
| 10 | Partial interest |
| 11 | Reinsurance |
| 12 | Bottomry |
| 13 | Master's and seamen's wages |
| 14 | Advance freight |
| 15 | Charges of insurance |
| 16 | Quantum of interest |
| 17 | Assignment of interest |
| 18 | Measure of insurable value |
| 19 | Insurance is uberrimae fideI |
| 20 | Disclosure by assured |
| 21 | Disclosure by agent effecting insurance |
| 22 | Representations pending negotiation of contract |
| 23 | When contract is deemed to be concluded |
| 24 | Contract must be embodied in policy |
| 25 | What policy must specify |
| 26 | Signature of insurer |
| 27 | Voyage and time policies |
| 28 | Designation and subject matter |
| 29 | Valued policy |
| 30 | Unvalued policy |
| 31 | Floating policy by ship or ships |
| 32 | Construction of terms in policy |
| 33 | Premium to be arranged |
| 34 | Double insurance |
| 35 | Nature of warranty |
| 36 | When breach of warranty excused |
| 37 | Express warranties |
| 38 | Warranty of neutrality |
| 39 | No. implied warranty of nationality |
| 40 | Warranty of good safety |
| 41 | Warranty of seaworthiness of ship |
| 42 | No implied warranty that goods are seaworthy |
| 43 | Warranty of legality |
| 44 | Implied condition as to commencement of risk |
| 45 | Alteration of port of departure |
| 46 | Sailing for different destination |
| 47 | Change of voyage |
| 48 | Deviation |
| 49 | Several ports of discharge |
| 50 | Delay in voyage |
| 51 | Excuse for deviation or delay |
| 52 | When and how policy is assignable |
| 53 | Assured who has no interest can not assign |
| 54 | When premium payable |
| 55 | Included and excluded losses |
| 56 | Partial and total loss |
| 57 | Actual total loss |
| 58 | Missing ship |
| 59 | Effect of transhipment, etc. |
| 60 | Constructive total loss defined |
| 61 | Effect of constructive total loss |
| 62 | Notice of abandonment |
| 63 | Effect of abandonment |
| 64 | Particular average loss |
| 65 | Salvage charges |
| 66 | General average loss |
| 67 | Extent of liability of insurer for loss |
| 68 | Total loss |
| 69 | Partial loss of ship |
| 70 | Partial loss of freight |
| 71 | Partial loss of goods, merchandise, etc. |
| 72 | Apportionment of valuation |
| 73 | General average contributions and salvage charges |
| 74 | Liabilities to third parties |
| 75 | General provisions as to measure of indemnity |
| 76 | Particular average warranties |
| 77 | Successive losses |
| 78 | Suing and laboring clause |
| 79 | Rights of subrogation |
| 80 | Right of Contribution |
| 81 | Effect of under-insurance |
| 82 | Enforcement of return |
| 83 | Return by agreement |
| 84 | Return for failure of consideration |
| 85 | Ratification by assured |
| 86 | Implied obligation varied by agreement or usage |
| 87 | Reasonable time, etc., a question of fact |
| 88 | Covering note as evidence |
| 89 | Power to apply Act with modifications, etc., in certain cases |
| 90 | Certain provisions to override Transfer of Property Act, 1882 |
| 91 | Savings |
| Schedule | Form of Policy |
An Act to codify the law relating to marine insurance.
BE it enacted by Parliament in the Fourteenth Year of the Republic of India as follows:-