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Marine Insurance Act 1906 (1906 c 41)

The 1906 legislation establishes a comprehensive framework for marine insurance practices, codifying common law principles as they apply to marine insurance contracts. It delineates the obligations of both insurers and insured parties, including duty of utmost good faith, warranties, and insurable interest. The Act defines key terms and risks, outlines procedures for claims and settlements, and clarifies the distribution of risks among different types of policies. By providing clear legal standards, it aims to enhance consistency, transparency, and trust in marine insurance practices, crucial for maritime trade and commerce.

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½Û×ÓÊÓƵ traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Marine Insurance Act 1906 (1906 c 41)

The 1906 legislation establishes a comprehensive framework for marine insurance practices, codifying common law principles as they apply to marine insurance contracts. It delineates the obligations of both insurers and insured parties, including duty of utmost good faith, warranties, and insurable interest. The Act defines key terms and risks, outlines procedures for claims and settlements, and clarifies the distribution of risks among different types of policies. By providing clear legal standards, it aims to enhance consistency, transparency, and trust in marine insurance practices, crucial for maritime trade and commerce.

Quick and comprehensive access to the most accurate, up-to-date legislation.

½Û×ÓÊÓƵ traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Marine Insurance Act 1906 (1906 c 41)

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