MARINE INSURANCE ACT 1909 - SECT 27 When contract is deemed to be concluded
MARINE INSURANCE ACT 1909 - SECT 27
When contract is deemed to be concludedA 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.