Marine Insurance Act, 1963
25. What policy must specify
A marine policy must
specify-
(1) the name of the
assured, or of some person who effects the insurance on his behalf;
(2) the subject-matter
insured and the risk insured against;
(3) the voyage, or
period of time, or both, as the case may be, covered by the insurance;
(4) the sum or sums
insured;
(5) the name or names of
the insurer or insurers.