Chapter:	329	Title:	MARINE INSURANCE ORDINANCE	Gazette Number:
Section:	68	Heading:	Total loss	Version Date:	30/06/1997

Subject to the provisions of this Ordinance and to any express provision in the policy, where there is a total loss of the subject-matter insured-

(a) if the policy be a valued policy, the measure of indemnity is the sum fixed by the policy;
(b) if the policy be an unvalued policy, the measure of indemnity is the insurable value of the subject-matter insured.