33-1-222. Purpose. (1) The purpose of 33-1-221 through 33-1-229 is to describe the kinds of risks and coverages which may be classified or identified under state insurance laws as marine, inland marine, or transportation insurance, but 33-1-221 through 33-1-229 do not include all of the kinds of risks and coverages which may be written, classified, or […]
33-1-223. Imports. Imports may be covered by marine, inland marine, and transportation policies subject to the following conditions: (1) Imports are covered wherever they are located, without restriction as to time, provided the coverage of the issuing companies includes hazards of transportation. (2) Property is an import and the proper subject of marine, inland marine, or transportation insurance […]
33-1-224. Exports. Exports may be covered by marine, inland marine, and transportation policies subject to the following conditions: (1) Exports are covered wherever they are located, without restriction as to time, provided the coverage of the issuing companies includes hazards of transportation. (2) Property is an export and the proper subject of marine, inland marine, or transportation insurance […]
33-1-225. Domestic shipments. Domestic shipments may be covered by marine, inland marine, and transportation policies subject to the following conditions: (1) Domestic shipments on consignment for sale, distribution, exhibit, trial, approval, or auction may be covered while in transit, while in the custody of others, and while being returned, except that the policy may not cover property […]
33-1-226. Instrumentalities of transportation and commerce. Bridges, tunnels, and other instrumentalities of transportation and communication (excluding buildings and improvements, furniture, furnishings, fixed contents, and supplies held in storage) may be covered by marine, inland marine, and transportation policies. This category includes: (1) bridges, tunnels, and other similar instrumentalities, including auxiliary facilities and equipment attendant thereto; (2) piers, wharves, […]
33-1-227. Personal property. Risks generally covered by personal property floaters covering individuals or items of personal property may be covered by marine, inland marine, and transportation policies. This category includes: (1) personal effects floater policies; (2) personal property floaters; (3) government service floaters; (4) personal fur floaters; (5) personal jewelry floaters; (6) wedding present floaters for a period not exceeding 90 days […]
33-1-228. Commercial property. Risks generally covered by commercial property floaters covering property pertaining to a business, profession, or occupation may be covered by marine, inland marine, and transportation policies. This category includes: (1) radium floaters; (2) physicians’ and surgeons’ instrument floaters. The policies may include coverage of furniture, fixtures, and tenant assured’s interest in the improvements of buildings that […]
33-1-229. Exceptions. Unless otherwise permitted, nothing in 33-1-223 through 33-1-229 may be construed to permit marine, inland marine, or transportation insurance policies to cover: (1) storage of an assured’s merchandise, except as specifically provided; (2) merchandise in the course of manufacture which is the property of and on the premises of the manufacturer; (3) furniture, fixtures, and improvements to […]
33-1-230 through 33-1-234 reserved.
33-1-235. Disability income insurance. “Disability income insurance” means an individual or group policy of insurance that primarily provides payment to or for the benefit of the policyholder or certificate holder based, in whole or in part, upon lost wages or other earned income or business or financial losses as a result of an inability to work […]
