85. Ratification by assured.—Where a contract of marine insurance is in good faith effected by one
person on behalf of another, the person on whose behalf it is effected may ratify the contract even after he
is aware of a loss.
86. Implied obligation varied by agreement or usage.—(1) Where any right, duty, or liability
would arise under a contract of marine insurance by implication of law, it may be negatived or varied by
express agreement, or by usage, if the usage be such as to bind both parties to the contract.
(2) The provisions of this section extend to any right, duty, or liability declared by this Act which
may be lawfully modified by agreement.
87. Reasonable time, etc., a question of fact.—Where by this Act any reference is made to
reasonable time, reasonable premium, or reasonable diligence, the question what is reasonable is a
question of fact.
88. Covering note as evidence.—Where there is a duly stamped policy, reference may be made, as
heretofore, to the slip or covering note, in any legal proceeding.
89. Power to apply Act with modifications, etc., in certain cases.—The Central Government may,
by notification in the Official Gazette, direct that the provisions of this Act shall, in their application to
contracts of marine insurance relating to any class of ships exclusively used in inland navigation, be
subject to such conditions, exceptions and modifications as it may specify in the notification.
90. Certain provisions to override Transfer of Property Act, 1882.—Nothing in clause (e)
of section 6 of the Transfer of Property Act, 1882 (4 of 1882), shall affect the provisions of
sections 17, 52, 53 and 79.
91. Savings.—The rules of law, including the law merchant, which applied to contracts of marine
insurance immediately before the commencement of this Act, save in so far as they are inconsistent with
the express provisions of this Act, shall continue to apply to contracts of marine insurance.
92. [Repeals.] Rep. by the Repealing and Amending Act, 1974 (56 of 1974), s. 2 and the First
Schedule (w.e.f. 20-12-1974).