Central Act
74
Section 74. Liabilities to third parties.
The Marine Insurance Act, 1963
In forceAll India (Central Act)
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.