Marine Insurance Act : Liabilities to third parties. Indian Bare Acts :

Marine Insurance Act,1963

Act No : 11

Section : Liabilities to third parties.

74. Liabilities to third parties. Where the assured has effected an insurance in express terms against any liability to a third party, the measure of indemnity, subject to any express provision in the policy, is the amount paid or payable by him to such third party in respect of such liability.