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Report No. 21

Clause 68

General.-This deals with the extent of liability of the insurer for the loss.

Distinction between valued and unvalued policies.-The sum which the assured can recover is restricted-

(a) in the case of a valued policy,1 to the full extent of the value fixed by the policy;

(b) in the case of an unvalued policy, to the full extent of the insurable value.

1. See section 27 of the English Act-clause 24.

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