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MARINE INSURANCE ACT 1906 - SECT 80

Right of contribution.

80.(1) Where the assured is over-insured by double insurance, each insurer is
bound, as between himself and the other insurers, to contribute rateably to
the loss in proportion to the amount for which he is liable under his
contract.

(2) If any insurer pays more than his proportion of the loss, he is entitled
to maintain an action for contribution against the other insurers, and is
entitled to the like remedies as a surety who has paid more than his
proportion of the debt.


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© 1906 Crown Copyright

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