Kuwait Court of Cassation principle number 1455

Marine insurance policy. It may be made out in the name of the insured, to his order, or to bearer. Its transferability depends on the form in which it is drawn up. It passes 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. - Insurance for the benefit of a person unspecified at the time of the contract. Permissible; in this case, the policy circulates together with the bill of lading itself.