Is a marine or fire policy a contract of indemnity?
Alberta, Canada
The following excerpt is from Canwest Geophysical Ltd. v. Brown, 1972 CanLII 199 (AB QB):
In Castellain v. Preston, supra, Brett L.J. says at p. 386: "The very foundation, in my opinion, of every rule which has been applied to insurance law is this, namely, that the contract of insurance contained in a marine or fire policy is a contract of indemnity".
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