# Marine Insurance Act 1906, Section 21: 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 or covering note or other customary memorandum of the contract . . .

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Source: https://www.legislation.gov.uk/ukpga/Edw7/6/41/section/21 (the official version)
Page: https://openlegislation.uk/marine-insurance-act-1906/section-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.