1785: 25 George 3 c.44: Regulating insurances on ships

1785: 25 George 3 c.44: An act for regulating insurances on Ships, and on goods, merchandizes or effects.

WHEREAS it hath been found by experience, that the making or effecting insurances on Ships or vessels, and on goods, merchandizes, and effects in blank, and without specifying therein the name or names of any person or persons for whose use and benefit, or on whose account, such insurances are made or effected, hath been, in many respects, mischievous, and productive of great inconveniences; for remedy whereof, be it enacted by the king’s most excellent majesty, by and with the advice and consent of the lords spiritual and temporal, and commons, in this present parliament assembled, and by the authority of the same, That, from and after the fifth day of July, one thousand seven hundred and eighty-five, it shall not be lawful for any person or persons, who shall live or reside in Great Britain, to make or cause to be made any policy or policies of assurance upon his, her, or their interest in any ship or ships, vessel or vessels, or on any goods, merchandizes, effects, or other property, without inserting in such policy or policies, his, her, or their own name or names, as the person or persons interested therein, or the name or names of the person or persons who shall effect the same, as the agent or agents of the person or persons so really interested therein, or for whose use or benefit, or on whose account, such policy or policies is or are so made or underwrote; and that it shall not be lawful, from and after the said fifth day of July, one thousand seven hundred and eighty-five, for any person or persons who shall not live or reside in Great Britain, to make or cause to be made any policy or policies of assurance upon his, her, or their interest in any ship or ships, vessel or vessels, or on any goods, merchandizes, effects, or other property, without inserting in such policy or policies the name or names of the agent or agents of the person or persons so really interested therein, or for whose use or benefit, or on whose account, the same is or are so made or underwrote; and that every policy or policies of assurance, made or underwrote contrary to the true intent and meaning hereof, shall be null and void to all intents and purposes whatsoever.

Source: Pickering, Statutes at Large, volume 35.