Act Number: 11

Act Name: The Marine Insurance Act, 1963

Year: 1963

Enactment Date: 1963-04-18

Long Title: An Act to codify the law relating to marine insurance.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 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.
Scroll to Top