Chapter III. Non-life Insurance
Section 2. Marine Insurance
(Liability of a Marine Insurer)
Unless otherwise stipulated in the contract, a marine insurer is liable, with respect to the subject matter insured, to indemnify for damage, loss, and expenses arising out of all accidents and calamities at sea.
(Application of the Maritime Act)
Marine insurance is governed by the provisions of the Marine Insurance Chapter of the Maritime Act.