Marine insurance

A contract whereby, for a consideration stipulated to be paid by one interested in a ship, freight, or cargo, subject to the risks of marine navigation, another undertakes to indemnify him against some or ali of those risks during a certnin period or voyage.

1 Phil. Ins. 1.

A contract whereby one party, for a stipulated premium, undertakes to indemnify the other against certain perils or sea-risks to which his ship, freight, and cargo, or some of them, may be exposed during a certain voyage, or a fixed period of lime.

3 Kent, Comm. 253.

Marine insurance la an insurance against risks connected with navigation, to which a ship, cargo, freightage, profits, or other insurable interest in movable property may be exposed during a certain voyage or a fixed period of time.

Giv. Code Cal. § 2655.

A contract of marine insurance is one by which a person or corporation, for a stipulated premium, injures another against losses occurring by the casualties of the sea.

Co.de Ga. 1882, § 2824.