§431:1-211 - Ocean marine insurance defined.
§431:1-211 Ocean marine insurance defined. Ocean marine insurance (although not a class of insurance as named in section431:1-203), whenever the term is used in this code, means insurance:
(1) Upon vessels, crafts, hulls, and of intereststherein, or with relation thereto;
(2) Of marine builders' risks, marine war risks andcontracts of marine protection and indemnity insurance;
(3) Of freights and disbursements pertaining to asubject of insurance coming within this definition;
(4) Of personal property and interests therein, incourse of movement into or out of this State or among the islands of thisState, or in course of exportation from or importation into any country, or incourse of transportation coastwise, including transportation by land, water, orair from point of origin to final destination, in respect to, appertaining to,or in connection with, any risk or peril of navigation, transit ortransportation, and while being prepared for and while awaiting shipment, andduring any delays, storage, transshipment, or reshipment incident thereto. [L1987, c 347, pt of §2]