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)
C1S. 17 modified (6.4.2013) by Consumer Insurance (Disclosure and Representations) Act 2012 (c. 6), ss. 2(5)(b), 12(2) (with s. 12(4)(5)); S.I. 2013/450, art. 2
F218 Disclosure by assured.U.K.
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Textual Amendments
F319 Disclosure by agent effecting insurance.U.K.
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Textual Amendments
F420 Representations pending negotiation of contract.U.K.
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Textual Amendments
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F5Words repealed as to instruments made or executed after 1.8.1959 by Finance Act 1959 (c. 58), Sch. 8 Pt.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