In force · As amended up to 2026-08
11. Reinsurance.— (1) The insurer under a contract of marine insurance has an insurable interest in his risk, and may reinsure in respect of it.
(2) Unless the policy otherwise provides, the original assured has no right or interest in respect of such reinsurance.
11. Barratry.— The term "barratry" includes every wrongful act wilfully committed by the master of crew to the prejudice of the owner, or, as the case may be, the charterer.
Source: India Code