Bare ActsThe Marine Insurance Act, 1963

Section 61

Effect of constructive total loss.

Amendment status not verified — confirm the current text below against the official source.

Where there is a constructive total loss the assured may either treat the loss as a partial loss, or abandon the subject-matter insured to the insurer and treat the loss as if it were an actual total loss.

Section 61 – The Marine Insurance Act, 1963 | DailyLaw.ai