Bare ActsThe Marine Insurance Act, 1963

Section 75

General provisions as to measure of indemnity.

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

(1) Where there has been a loss in respect of any subject-matter not expressly provided for in the foregoing provisions of this Act, the measure of indemnity shall be ascertained as nearly as may be, in accordance with those provisions, in so far as applicable to the particular case. (2) Nothing in the provisions of this Act relating to the measure of indemnity shall affect the rules relating to double insurance, or prohibit the insurer from disproving interest wholly or in part, or from showing that at the time of the loss the whole or any part of the subject-matter insured was not at risk under the policy.

Section 75 – The Marine Insurance Act, 1963 | DailyLaw.ai