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In
Germany, there is a general Insurance Contracts Act (VVG, or
Versicherungsvertragsgesetz), but this Act does not contain provisions for
marine insurance. The only legislation on marine insurance is found in sections
778 - 900 in the German Commercial Code (HGB, or Handelsgesetzbuch). This
legislation is directory and it is in practice no longer applied. Apparently,
there is no English translation of this regulation. This may be explained by the
fact that the rules of the Commercial Code in practice have been replaced by
Standard Insurance Conditions which were introduced into the German Marine
Insurance Market in 1919, see further below under item 2.2.
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