Section 19 of the Marine Insurance Act, 1963 – Insurance is uberrimae fidei

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Section 19: Insurance is uberrimae fidei

A contract of marine insurance is a contract based upon the utmost good faith, and if the utmost good faith be not observed by either party, the contract may be avoided by the other party.

Source: official text of The Marine Insurance Act, 1963 as published on India Code (PDF). All sections of the Marine Insurance Act, 1963.

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