law: Marine Insurance Act, 1963 
  35. Nature of warranty
  (1) A warranty, in the
  
  following sections relating to warranties, means a promissory warranty, that is
  
  to say a warranty by which the assured undertakes that some particular thing
  
  shall or shall not be done, or that some condition shall be fulfilled, or
  
  whereby he affirms or negatives the existence of a particular state of facts.
  (2) A warranty may be
  
  express or implied.
  (3) A warranty, as
  
  above defined, is a condition which must be exactly complied with, whether it
  
  be material to the risk or not. If it be not so complied with, then, subject to
  
  any express provision in the policy, the insurer is discharged from liability
  
  as form the date of the breach of warranty, but without prejudice to any
  
  liability incurred by him before that data.