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policy of marine insurance

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  • Marine insurance — Admiralty law History …   Wikipedia

  • Marine Insurance Act 1906 — The Marine Insurance Act 1906 is a UK Act of Parliament regulating marine insurance. The Act was drafted by Sir Mackenzie Dalzell Chalmers, who had earlier drafted the Sale of Goods Act 1893. The Marine Insurance Act 1906 is of huge significance …   Wikipedia

  • marine insurance — 1. See ocean marine insurance. 2. See inland marine insurance. [1795 1805] * * *       contract whereby, for a consideration stipulated to be paid by one interested in a ship or cargo that is subject to the risks of marine navigation, another… …   Universalium

  • marine insurance — A policy or contract of insurance covering the risk of loss to ship, cargo, or freight from a peril or perils of the sea. 29A Am J Rev ed Ins §§ 1308 et seq. A maritime contract or guaranty, on the part of the insurer, that the ship or goods… …   Ballentine's law dictionary

  • policy — The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance. See policy of insurance. This term, as applied to a law,… …   Black's law dictionary

  • policy proof of interest — PPI An insurance policy (usually marine insurance) in which the insurers agree that they will not insist on the usual requirement that the insured must prove an insurable interest existed in the subject matter before a claim is paid. The… …   Big dictionary of business and management

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • insurance certificate — n 1: a certificate issued by an insurer to a shipper as evidence that a shipment of merchandise is covered under a marine insurance policy 2: a certificate issued in place of an insurance policy by an insurer to one insured as evidence of… …   Law dictionary

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary


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