law: Marine Insurance Act, 1963 
  80. Right of Contribution
  (1) Where the assured
  
  is over-insured by double insurance each insurer is bound, as between himself
  
  and the other insurers, to contribute ratably to the loss in proportion to the
  
  amount for which he is liable under his contract.
  (2) If any insurer
  
  pays more than his proportion of the loss, he is entitled to maintain a suit
  
  for contribution against the other insurers, and is entitled to the like
  
  remedies as a surety who has paid more than his proportion of the debt.