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Disclosure and RepresentationsU.K.

17 Insurance is uberrimæ fidei.U.K.

A contract of marine insurance is a contract based upon the utmost good faithF1....

Textual Amendments

F1Words in s. 17 omitted (12.8.2016) by virtue of Insurance Act 2015 (c. 4), ss. 14(3)(a), 23(2) (with ss. 14(3)(b), 22(1))

Modifications etc. (not altering text)

F218 Disclosure by assured.U.K.

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Textual Amendments

F2S. 18 omitted (12.8.2016) by virtue of Insurance Act 2015 (c. 4), ss. 21(2), 23(2) (with ss. 21(3), 22(1))

F319 Disclosure by agent effecting insurance.U.K.

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Textual Amendments

F3S. 19 omitted (12.8.2016) by virtue of Insurance Act 2015 (c. 4), ss. 21(2), 23(2) (with ss. 21(3), 22(1))

F420 Representations pending negotiation of contract.U.K.

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Textual Amendments

F4S. 20 omitted (12.8.2016) by virtue of Insurance Act 2015 (c. 4), ss. 21(2), 23(2) (with ss. 21(3), 22(1))

21 When contract is deemed to be concluded.U.K.

A contract of marine insurance is deemed to be concluded when the proposal of the assured is accepted by the insurer, whether the policy be then issued or not; and, for the purpose of showing when the proposal was accepted, reference may be made to the slip or covering note or other customary memorandum of the contract . . . F5

Textual Amendments

F5Words repealed as to instruments made or executed after 1.8.1959 by Finance Act 1959 (c. 58), Sch. 8 Pt. II