27Contracts must be embodied in policy

#### 27 Contracts must be embodied in policy 27 Contracts must be embodied in policy > Subject to the provisions of any Act, a contract of marine insurance is inadmissible in evidence in an action for the recovery of a loss under the contract unless it is embodied in a marine policy in accordance with this Division. The policy may be executed and issued either at the time when the contract is concluded or afterwards.