Section 23: When contract is deemed to be concluded .-A 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, covering note or other customary memorandum of the contract, although it be unstamped

Q: What does Section 23 of The Marine Insurance Act, 1963 (TMIA) deal with?

Section 23 TMIA pertains to "When contract is deemed to be concluded .-A 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, covering note or other customary memorandum of the contract, although it be unstamped". It is part of the The Marine Insurance Act, 1963, a legislation enacted by the Parliament of India. Section 23 of The Marine Insurance Act, 1963 (TMIA) governs when contract is deemed to be concluded .-A 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, covering note or other customary memorandum of the contract, although it be unstamped. As verified on 19 May 2026.

Q: Is Section 23 TMIA still in force?

Yes, Section 23 of the The Marine Insurance Act, 1963 is currently in force across the Republic of India.

Q: What is धारा 23 TMIA?

धारा 23 TMIA is the Devanagari Hindi reference for Section 23 of the The Marine Insurance Act, 1963. Section 23 of The Marine Insurance Act, 1963 (TMIA) governs when contract is deemed to be concluded .-A 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, covering note or other customary memorandum of the contract, although it be unstamped. As verified on 19 May 2026.

Q: What is Dhara 23 TMIA?

Dhara 23 TMIA is the Roman Hindi reference for Section 23 of the The Marine Insurance Act, 1963. "Dhara" means "Section" in Hindi. Section 23 of The Marine Insurance Act, 1963 (TMIA) governs when contract is deemed to be concluded .-A 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, covering note or other customary memorandum of the contract, although it be unstamped. As verified on 19 May 2026.

Q: How to cite Section 23 of The Marine Insurance Act, 1963?

Cite as: "Section 23, The Marine Insurance Act, 1963 (TMIA)" in legal briefs. For academic writing, use the BlueBook format: The Marine Insurance Act, 1963, § 23 (India).

Law on Tips Editorial Board

⚖

Loading…

Section 23 TMIA (The Marine Insurance Act, 1963): When contract is deemed to be concluded .-A 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, covering note or other customary memorandum of the contract, although it be unstamped | Law on Tips | Law on Tips