Kuwait Court of Cassation principle number 4219

The marine insurance policy. It may be in the insured’s name, to his order or to bearer. Its circulation depends on the form in which it is drawn up. Its transfer by assignment if it bears the insured’s name, by endorsement if it is to his order, and by delivery if it is to bearer. - 779 - Obligation - Insurance for the benefit of a person unidentified at the time of the contract. Permissible, and the policy circulates in this case with the bill of lading itself.