Under the Marine Insurance Act, 1963, a marine insurance contract may protect the assured against risks…
Section 4(1) of the Marine Insurance Act, 1963 provides that a contract of marine insurance may, by its express terms or by usage of trade, be extended so as to protect the…
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Under the Marine Insurance Act, 1963, a marine insurance contract may protect the assured against risks incidental to sea voyage and covers such losses on:
Answer and explanation
Correct answer C
Section 4(1) of the Marine Insurance Act, 1963 provides that a contract of marine insurance may, by its express terms or by usage of trade, be extended so as to protect the assured against losses on inland waters or on any land risk which may be incidental to any sea voyage, so the cover extends to "Both inland waters and land risks".
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CUET PG Law (LL.M.)