Section 25 of the Marine Insurance Act, 1963 – What policy must specify

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Section 25: What policy must specify

A marine policy must specify–

  • (1) the name of the assured, or of some person who effects the insurance on his behalf;
  • (2) the subject-matter insured and the risk insured against;
  • (3) the voyage, or period of time, or both, as the case may be, covered by the insurance;
  • (4) the sum or sums insured;
  • (5) the name or names of the insurer or insurers.

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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