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MARINE INSURANCE ACT 1906 - SECT 33

33.(1) A warranty, in the following sections relating to warranties, means a
promissory warranty, that is to say, a warranty by which the assured
undertakes that some particular thing shall or shall not be done, or that some
condition shall be fulfilled, or whereby he affirms or negatives the existence
of a particular state of facts.

(2) A warranty may be express or implied.

(3) A warranty, as above defined, is a condition which must be exactly
complied with, whether it be material to the risk or not. If it be not so
complied with, then, subject to any express provision in the policy, the
insurer is discharged from liability as from the date of the breach of
warranty, but without prejudice to any liability incurred by him before that
date.

© 1906 Crown Copyright

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