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MARINE INSURANCE ACT 1906 - SECT 53

Policy effected through broker.

53.(1) Unless otherwise agreed, where a marine policy is effected on behalf of
the assured by a broker, the broker is directly responsible to the insurer for
the premium, and the insurer is directly responsible to the assured for the
amount which may be payable in respect of losses, or in respect of returnable
premium.

(2) Unless otherwise agreed, the broker has, as against the assured, a lien
upon the policy for the amount of the premium and his charges in respect of
effecting the policy; and, where he has dealt with the person who employs him
as a principal, he has also a lien on the policy in respect of any balance on
any insurance account which may be due to him from such person, unless when
the debt was incurred he had reason to believe that such person was only an
agent.

© 1906 Crown Copyright

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