Section 19:
Insurance is uberrimae fidei.
A contract of marine insurance is a contract based upon the
utmost good faith, and if the utmost good faith be not observed by either party, the contract may be
avoided by the other party.
11/1963 - The Marine Insurance Act, 1963 ▶
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