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In force

The Marine Insurance Act, 1963

92 sections · As amended up to 2026-08

Sections

  1. 0Section 0
  2. 11st August, 1963, vide notification No. S.O. 1925, dated 8th July, 1963, see Gazette of India, Extraordinary, Part II, sec. 3(ii)
  3. 2From
  4. 3Marine insurance defined
  5. 4Mixed sea and land risks
  6. 5Lawful marine adventure
  7. 6Avoidance of wagering contracts
  8. 7Insurable interest defined
  9. 8When interest must attach
  10. 9Defeasible or contingent interest
  11. 10Restraint of Princes
  12. 11Reinsurance
  13. 12Bottomry
  14. 13Master's and seamen's wages
  15. 14Advance freight
  16. 15Charges of insurance
  17. 16Quantum of interest
  18. 17Assignment of interest
  19. 18Measure of insurable value
  20. 19Insurance is
  21. 20Disclosure by assured
  22. 21Disclosure by agent effecting insurance
  23. 22Representations pending negotiation of contract
  24. 23When contract is deemed to be concluded
  25. 24Contract must be embodied in policy
  26. 25What policy must specify
  27. 26Signature of insurer
  28. 27Voyage and time policies
  29. 28Designation and subject-matter
  30. 29Valued policy
  31. 30Unvalued policy
  32. 31Floating policy by ship or ships
  33. 32Construction of terms in policy
  34. 33Premium to be arranged
  35. 34Double insurance
  36. 35Nature of warranty
  37. 36When breach of warranty excused
  38. 37Express warranties
  39. 38Warranty of neutrality
  40. 39No implied warranty of nationality
  41. 40Warranty of good safety
  42. 41Warranty of seaworthiness of ship
  43. 42No implied warranty that goods are seaworthy
  44. 43Warranty of legality
  45. 44Implied condition as to commencement of risk
  46. 45Alteration of port of departure
  47. 46Sailing for different destination
  48. 47Change of voyage
  49. 48Deviation
  50. 49Several ports of discharge
  51. 50Delay in voyage
  52. 51Excuse for deviation or delay
  53. 52When and how policy is assignable
  54. 53Assured who has no interest cannot assign
  55. 54When premium payable
  56. 55Included and excluded losses
  57. 56Partial and total loss
  58. 57Actual total loss
  59. 58Missing ship
  60. 59Effect of transhipment, etc
  61. 60Constructive total loss defined
  62. 61Effect of constructive total loss
  63. 62Notice of abandonment
  64. 63Effect of abandonment
  65. 64Particular average loss
  66. 65Salvage charges
  67. 66General average loss
  68. 67Extent of liability of insurer for loss
  69. 68Total loss
  70. 69Partial loss of ship
  71. 70Partial loss of freight
  72. 71Partial loss of goods, merchandise, etc
  73. 72Apportionment of valuation
  74. 73General average contributions and salvage charges
  75. 74Liabilities to third parties
  76. 75General provisions as to measure of indemnity
  77. 76Particular average warranties
  78. 77Successive losses
  79. 78Suing and labouring clause
  80. 79Right of subrogation
  81. 80Right of contribution
  82. 81Effect of under-insurance
  83. 82Enforcement of return
  84. 83Return by agreement
  85. 84Return for failure of consideration
  86. 85Ratification by assured
  87. 86Implied obligation varied by agreement or usage
  88. 87Reasonable time, etc., a question of fact
  89. 88Covering note as evidence
  90. 89Power to apply Act with modifications, etc., in certain cases
  91. 90Certain provisions to override Transfer of Property Act, 1882
  92. 91Savings