The influence of Lloyds of London on insurance and insurance law has been very significant. The standard Lloyds Marine Insurance Policy known as S & G Policy was adopted as the statutory form in the Marine Insurance Act, 1906 of the UK. However, the form is rarely used today. Marine Insurance law as codified in the Marine Insurance Act, 1906 of UK and its special doctrines are sui generis. The Indian Marine Insurance Act, 1963 is very much modeled on its UK counterpart.