Section 11
Reinsurance.
The Marine Insurance Act, 1963
About this Act
An Act to codify the law relating to marine insurance.
(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.
(2) Unless the policy otherwise provides, the original assured has no right or interest in respect of such reinsurance.