Lien on policy under Act is not also a lien on the proceeds of any claim under it; There had been no intention in the Act to provide additional protection to broker. Citations: Gazette 03-Sep-1997, Times 23-Oct-1997 Statutes: Marine Insurance Act 1906 53(2) Insurance Updated: 19 May 2022; Ref: scu.80275
Insurance broker may generally exercise a lien for an unpaid premium over the proceeds of a policy, but not over a policy of a co-assured over debt of the other assured. . .