Section 17
Assignment of interest.
The Marine Insurance Act, 1963
About this Act
An Act to codify the law relating to marine insurance.
Where the assured assigns or otherwise parts with his interest in the
subject-matter insured, he does not thereby transfer to the assignee his rights under the contract of
insurance, unless there be an express or implied agreement with the assignee to that effect.
But the provisions of this section do not affect transmission of interest by operation of law.
But the provisions of this section do not affect transmission of interest by operation of law.