2.Obligation to Issue and Deliver a Yacht Insurance Policy
Under Turkish Law, the obligation of the yacht insurer to issue a policy to the insured…
“MIA Art.22;…
Subject to the provisions of any statute, a contract of marine insurance is inadmissible in evidence unless it is embodied in a marine policy in accordance with this Act. The policy may be executed and issued either at the time when the contract is concluded, or afterwards”“TCC Art.1424 (1) & (3);…
(1) If the insurance contract is concluded by the insurer itself or its agent, the insurer is obliged to deliver a policy signed by authorised officials to the policyholder within twenty-four hours after the conclusion of the contract, and within fifteen days in other cases. The insurer is liable for the loss arising from the late delivery of the policy.…
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