An Act to codify the law relating to marine insurance.
The Marine Insurance Act, 1963 has 92 sections in 1 chapter. Each link below opens the official text of that section. Official PDF on India Code.
The Marine Insurance Act, 1963 PDF
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Official copy of the Act from India Code (Legislative Department, Government of India).
All sections of the Marine Insurance Act, 1963
- 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- Section 10 – Partial interest (omitted/repealed)
- 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 22 – Representations pending negotiation of contract
- 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 42 – No implied warranty that goods are seaworthy
- Section 43 – Warranty of legality
- Section 44 – Implied condition as to commencement of risk
- 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 53 – Assured who has no interest cannot assign
- 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 73 – General average contributions and salvage charges
- Section 74 – Liabilities to third parties
- Section 75 – General provisions as to measure of indemnity
- 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 86 – Implied obligation varied by agreement or usage
- Section 87 – Reasonable time, etc., a question of fact
- Section 88 – Covering note as evidence
- Section 89 – Power to apply Act with modifications, etc., in certain cases
- Section 90 – Certain provisions to override Transfer of Property Act, 1882
- Section 91 – Savings
- Section 92 – Repealed (omitted/repealed)