Blackstone's Statutes on Commercial and Consumer Law (Blackstone's Statute Books)
Publisher: Blackstone Press
Published: August 1997
Format: Paperback
Number of pages: 502
ISBN-13: 9781854316592
Subjects: English law: commercial law; English law: sale of goods & consumer protection law; c 1990 to c 2000; Study guides, home study & revision notes; English law: financial, taxation, commercial, industrial
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.