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Section 60 in The Marine Insurance Act, 1963 [Entire Act]

Section 60 in The Marine Insurance Act, 1963 60. Constructive total loss defined .-(1) Subject to any express provision in the policy ... there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable
Union of India - Section Cites 0 - Cited by 7

Section 56 in The Marine Insurance Act, 1963 [Entire Act]

total loss, as hereinafter defined, is a partial loss. (2) A total loss may be either an actual total loss, or a constructive total loss ... appears from the terms of the policy, an insurance against total loss includes a constructive, as well as an actual, total loss. (4) Where
Union of India - Section Cites 0 - Cited by 5

The Marine Insurance Act, 1963

total loss, as hereinafter defined, is a partial loss. (2) A total loss may be either an actual total loss, or a constructive total loss ... irretrievably deprived thereof, there is an actual total loss. (2) In the case of an actual total loss no notice of abandonment need be given
Union of India - Act Cites 0 - Cited by 186
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