1 Prohibition of gambling on loss by maritime perils
Marine Insurance (Gambling Policies) Act 1909 (1909 c 12) | Legislation

1  Prohibition of gambling on loss by maritime perils

(1)     If—

(a)     any person effects a contract of marine insurance without having any bonâ fide interest, direct or indirect, either in the safe arrival of the ship in relation to which the contract is made or in the safety or preservation of the subject-matter insured, or a bonâ fide expectation of acquiring such an interest; or

(b)     any person in the employment of the owner of a ship, not being a part owner of the ship, effects a contract of marine insurance in relation to the ship, and the contract is made “interest or no interest,” or “without further proof of interest than the policy itself,” or “without benefit of salvage to the insurer,” or subject to any other like term,

the contract shall

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