Statutes on Commercial and Consumer Law, 2003/2004
Edition: 12 edition
Series: Blackstone's Statute Book Series
Publisher: Blackstone Press
Published: December 11, 2003
Language: eng
Format: Paperback
Number of pages: 680
ISBN-13: 9780199259557
Subjects: English law: commercial law; English law: sale of goods & consumer protection law; English law: statutes & regulations; Legal Reference / Law Profession; Law; Business & Financial; Commercial - General; Consumer; Law / Commercial
First sentence: Whereas it hath been found by experience that the making insurances on lives or other events wherein the assured shall have no interest hath introduced a mischievous kind of gaming: 1 No insurance to be made on lives, etc., by persons having no interest, etc. From and after the passing of this Act no insurance shall be made by any person or persons, bodies politick or corporate, on the life or lives of any person or persons, or on any other event or events whatsoever, wherein the person or persons for whose use, benefit, or on whose account such policy or policies shall be made, shall have no interest , or by way of gaming or wagering; and that every assurance made contrary to the true intent and meaning hereof shall be null and void to all intents and purposes whatsoever.