Section 53

Assured who has no interest cannot assign.

The Marine Insurance Act, 1963

  • Act 11 of 1963
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to codify the law relating to marine insurance.

All sections
    Where the assured has parted with or lost his interest in the subject-matter insured, and has not, before or at the time of so doing expressly or impliedly agreed to assign the policy, any subsequent assignment of the policy is inoperative:
     Provided that nothing in this section affects the assignment of a policy after loss.
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