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MARINE INSURANCE ACT

Section 3: Marine insurance defined.

1961Section 3 of 91•Federal Republic of Nigeria

A contract of marine insurance is a contract whereby the insurer undertakes to indemnify the assured, in manner and to the extent thereby agreed, against marine losses, that is to say, the losses incident to marine adventure.

Cite this section

Section 3, MARINE INSURANCE ACT (1961).

https://repo.podus.ai/laws/marine-insurance-act/section/3/