Page:United States Statutes at Large Volume 76A.djvu/299

–203– -203SUBCHAPTER VIII—LOSS

Article A—Transfer af Interest after Loss Sec 3481. Agreement not to transfer. Article B—Causes of Loss 3491. 3492. 3493. 3494.

Proximate and remote causes. Bescue from peril insured against. Specially excepted perils. Willful act of insured; negligence. Article C—Notice and Proofs of Loss

3501. 3502. 3503. 3504. 3505. 3506.

Notice of fire loss. Notice of casualty loss; 20-day period. Preliminary proofs. Waiver of defects. Waiver of delay. Proof by third party. SUBCHAPTER IX—DOUHLE INSURANCE

3521. Definition of double insurance. 3522. Contribution in case of double insurance. SUBCHAPTER X—REINSURANCE

3531. 3532. 3533. 3534.

Definition of reinsurance contract. Presumed nature of contract Disclosures required. Interest of original insured. SUBCHAPTER XI—CASUALTY INSURANCE

3551. Liability on casualty risks; required provisions in policies. 3552. Remedy of injured party after recovering judgment; defenses.

Subchapter I—General Provisions § 3241. Scope of chapter All kinds of insurance, other than marine insurance, are subject to this chapter. § 3242. Definition of insurance Insurance is a contract whereby one undertakes to indemnify another against loss, damage, or liability, arising from an unknown or contingent event. § 3243. Insurer and insured The person who undertakes to indemnify another by a contract of insurance is called the insurer, and the person indemnified is called the insured. § 3244. Time for exercising right of rescission Whenever a right to rescind a contract of insurance is given to the insurer by this chapter, the right may be exercised at any time previous to the commencement of an action on the contract. Subchapter II—Events Subject to Insurance § 3261. Events generally Except as provided in this subchapter, any contingent or unknown event, whether past or future, which may damnify a person having an insurable interest, or create a liability against him, may be insured against, subject to the provisions of this chapter.

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