Mutual Insurance
85.Modification of Act in case of mutual insurance
(1)Where two or more persons mutually agree to insure each other against marine losses there is said to be a mutual insurance.
(2)The provisions of this Act relating to the premium do not apply to mutual insurance, but a guarantee, or such other arrangement as may be agreed upon, may be substituted for the premium.
(3)The provisions of this Act, in so far as they may be modified by the agreement of the parties, may in the case of mutual insurance be modified by the terms of the policies issued by the association, or by the rules and regulations of the association.
(4)Subject to the exceptions mentioned in this section, the provisions of this Act apply to a mutual insurance.
【概 要】
相互保険の場合のこの法律の修正に関する条項で、二人以上の者が海上損害に対して相互に保険を付保することを相互保険とすると規定しており、この法律の保険料規定には従わない旨を定めています。但し、除外規定以外の諸規定は適用されます。
