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Marine Insurance - Law Dictionary Search Results

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inland marine insurance

Matched in: Term inland marine insurance

marine insurance

Matched in: Term marine insurance

ocean marine insurance

Matched in: Term ocean marine insurance

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Marine insurance business

Matched in: Term Marine insurance business

Marine insurance

Matched in: Term Marine insurance

Contract of marine insurance

Matched in: Term Contract of marine insurance

Insurance

Matched in: Term Insurance

Policy Proof of Interest (P.P.I.) (English)

Policy Proof of Interest (P.P.I.) (English). A policy of marine insurance which was made valid by its terms, although the insurer had no insurable interest. Such a policy in … a policy in the absence of an insur-able interest is made void by the Gaming Act, 1845. The Marine Insurance Act, 1906 (s. 4), specifically declares such policies void. The Marine Insurance (Gambling Policies) Act, 1909, makes it

Sue and labour clause

Sue and labour clause. The name given to a clause in a policy of marine insurance which was introduced to make it clear that the assured and his agents or servants, e.g., master and … to avert the loss. The clause does not cover general average losses and contributions and salvage charges, (English) Marine Insurance Act, 1906, s. 78 (2), and see Aitchison v. Lohre, (1879) 4 AC 755. The clause is usually

Average

compensates the insured in the proportion which the average loss bears to the whole insurance, and see the Marine Insurance Act, 1906 (6 Edw. 7, c. 41), s. 76, as the meaning of 'warranted free from particular average … 1906 (6 Edw. 7, c. 41), s. 76, as the meaning of 'warranted free from particular average in marine insurance policies.' As to salvage loss and generally, see tits. 'ADJUSTMENT,' 'INSURANCE' and 'CONSTRUCTIVE TOTAL LOSS,' and consult Arnould's

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