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INSTRUMENTS ACT 1958 - SECT 16 Re-assurance of sea risks allowed

INSTRUMENTS ACT 1958 - SECT 16

Re-assurance of sea risks allowed

Notwithstanding anything contained in this Division, it shall be lawful to make re-assurance upon any ship or vessel or upon any goods merchandises or other property on board of any ship or vessel or upon the freight of any ship or vessel or upon any other interest in or relating to any ship or vessel which may lawfully be insured.

No. 3706 s. 17.

S. 17 amended by No. 35/1996 s. 453(Sch. 1 item 40.2).