With respect to indemnity, how does the Marine Insurance Act 1906 define a contract of marine insurance?

As: “a contract whereby the insurer undertakes to indemnify the assured, in the manner and to the extent thereby agreed, against marine losses, i. e. the losses incident to a marine adventure”.

Share this:

Written by Ship Inspection

Leave a Reply

How does an indemnity operate in non- marine insurance?

What is the meaning of “indemnity”?