Section 67: Extent of liability of insurer for loss .-(1) The sum which the assured can recover in respect of a loss on a policy by which he is insured, in the case of an unvalued policy to the full extent of the insurable value, or in the case of a valued policy to the full extent of the value fixed by the policy, is called the measure of indemnity

Q: What does Section 67 of The Marine Insurance Act, 1963 (TMIA) deal with?

Section 67 TMIA pertains to "Extent of liability of insurer for loss .-(1) The sum which the assured can recover in respect of a loss on a policy by which he is insured, in the case of an unvalued policy to the full extent of the insurable value, or in the case of a valued policy to the full extent of the value fixed by the policy, is called the measure of indemnity". It is part of the The Marine Insurance Act, 1963, a legislation enacted by the Parliament of India. Section 67 of The Marine Insurance Act, 1963 (TMIA) governs extent of liability of insurer for loss .-(1) The sum which the assured can recover in respect of a loss on a policy by which he is insured, in the case of an unvalued policy to the full extent of the insurable value, or in the case of a valued policy to the full extent of the value fixed by the policy, is called the measure of indemnity. As verified on 19 May 2026.

Q: Is Section 67 TMIA still in force?

Yes, Section 67 of the The Marine Insurance Act, 1963 is currently in force across the Republic of India.

Q: What is धारा 67 TMIA?

धारा 67 TMIA is the Devanagari Hindi reference for Section 67 of the The Marine Insurance Act, 1963. Section 67 of The Marine Insurance Act, 1963 (TMIA) governs extent of liability of insurer for loss .-(1) The sum which the assured can recover in respect of a loss on a policy by which he is insured, in the case of an unvalued policy to the full extent of the insurable value, or in the case of a valued policy to the full extent of the value fixed by the policy, is called the measure of indemnity. As verified on 19 May 2026.

Q: What is Dhara 67 TMIA?

Dhara 67 TMIA is the Roman Hindi reference for Section 67 of the The Marine Insurance Act, 1963. "Dhara" means "Section" in Hindi. Section 67 of The Marine Insurance Act, 1963 (TMIA) governs extent of liability of insurer for loss .-(1) The sum which the assured can recover in respect of a loss on a policy by which he is insured, in the case of an unvalued policy to the full extent of the insurable value, or in the case of a valued policy to the full extent of the value fixed by the policy, is called the measure of indemnity. As verified on 19 May 2026.

Q: How to cite Section 67 of The Marine Insurance Act, 1963?

Cite as: "Section 67, The Marine Insurance Act, 1963 (TMIA)" in legal briefs. For academic writing, use the BlueBook format: The Marine Insurance Act, 1963, § 67 (India).

Law on Tips Editorial Board

Thursday, 21 May 2026

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Table of Contents

The Marine Insurance Act, 1963

Chapter I — Full Text

Section 67

Extent of liability of insurer for loss .-(1) The sum which the assured can recover in respect of a loss on a policy by which he is insured, in the case of an unvalued policy to the full extent of the insurable value, or in the case of a valued policy to the full extent of the value fixed by the policy, is called the measure of indemnity

(2)

Where there is a loss recoverable under the policy, the insurer or each insurer if there be more than one, is liable for such proportion of the measure of indemnity as the amount of his subscription bears to the value fixed by the policy in the case of a valued policy, or to the insurable value in the case of an unvalued policy.