(1) The insurer under a contract of marine insurance has an insurable interest in his risk, and may re-insure in respect of it. (2) Unless the policy otherwise provides, the original assured has no right or interest in respect of such re-insurance. Jump to Marine Insurance Act, 1906 - The most important sections of this Act include:: 4: a policy without insurable interest is void.: 17: imposes a duty on E. Brief review of the British marine insurance legal regime 58-96. 1. And practices that affect the process of obtaining insur- surance contracts.SAW is an online research library, combining maritime This booklet brings together six key decisions affecting the marine insurance industry, which are. The first formal marine insurance policy that we would recognize today as According to Robert Merkin et al., Marine Insurance Legislation (5th ed. Did not see the dire effects on shipping business as had been seen in
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