Business Studies, asked by kanvi15, 1 month ago

What is marine insurance Act of 1906?
Give brief info about it.

Answers

Answered by bmowlabee

0

MARINE INSURANCE ACT 1906 IS WELL KNOWN AS THE (MIA-1906). AS A CONTRACT WHEREBY THE INSURER UNDERTAKES TO INDEMNIFY THE ASSURED , IN MANNER AND TO EXTENT THEREBY AGREED , AGAINST MARINE LOSSES. THIS IS TO SAY THE LOSSES INCIDENT TO MARINE ADVENTURE .

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