Kuwait Court of Cassation principle number 999

The marine insurance policy. It may be made out in the insured’s name, to his order or to bearer. Its negotiability 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. - Insurance for the benefit of a person unidentified at the time of the contract. Its permissibility, and the policy circulates in this case with the bill of lading itself.