...premium. 1. What Policies are good. I. It is enacted by stat. 19 G. 2. c. 37. " That all insur" anees, interest or no interest, or without further proof of " interest than the policy itself; all gaminç or wagering pol" ides, or wherein the insurer shall have no benefit of sal" vage,...

...stated in the preamble : " Whereas it hath been found by " experience, that the making assurances, interest or " no interest, or without further proof of interest than " the policy, hath been productive of many perni" clous practices, whereby great numbers of ships, " with their cargoes,...

...What policies are illegal. It is enacted by an English statute, 19 G. 2, c. 37. " that all insurances, interest or no interest, or without further proof of interest than the policy itself; all gaming or wagering policies, or wherein the insurer shall have no benefit of salvage, are...

...any ship belonging to his majesty, or any of his subjects, or on any goods on board any sQch ship, interest or no interest, or without further proof of interest than the policy, or by way of gaming cir wagering, or without benefit of salvage to the assurer ; and every such assurance...

...without proof of an interest (53). But it having been found, by experience, that the making assurances, " interest or no interest, or without further proof of interest than the policy," had been productive of many pernicious practices, and by introducing a mischievous kind of gaming or...

...to be made on French ships from Bourdeaux and Bayonne to the West Indies, either upon the terms of interest or no interest, or without further proof of interest than the policy, to the amount of lOO,OOOl. of which near the half was disputable losses, by there being great reason...

...The practice of insuring ideal risi-f under the names of interest or no interest, nor without farther proof of interest than the policy, or without benefit of salvage to the underwriters, was increasing to an alarming degree, and by such rapid strides as to threaten the ipeedy...

...raitfurlur.en ¡mured against. Insurances of this »ort, are usually expre«-ed by the words ¡merest or DO interest, or without further proof of interest than the policy, or without benefit of salvage to the ii> Hirer. Policies of this description nee Ihui repressed in order In preclude •II enquiry inlu...

...interest; to remedy which mischief the statute was made. In D(paba v. L.udlo'W (a) it is indeed said, that the words " interest or no interest," or " without further proof of interest than the policy itself," were introduced to obviate the necessity of proving the value: but, before that, it had been...

...in the preamble. " Whereas c° 37' <; it hath been found by experience, that the making assurances " interest or no interest, or without further proof of interest " than the policy, hath been productive of many pernicious " practices, whereby great numbers of ships, with their car"...