1788: 28 George 3 c.56: An Act to repeal an Act, made in the twenty-fifth Year of the Reign of his present Majesty, intituled, An Act for regulating insurances on Ships, and on Goods, Merchandizes, or Effects; and for substituting other Provisions for the like Purpose, in lieu thereof.
[Preamble.]
‘WHEREAS it hath been found, by Experience, that great Mischiefs and Inconveniencies have arisen so Persons interested in Ships or Vessels, and also to Persons using Trade or Commerce, from the Effect of an Act made in the twenty-fifth Year of the Reign of his present Majesty,
intituled, An Act for regulating Insurances on Ships, and on Goods, Merchandises, or Effects: And whereas it is highly expedient that other and more convenient Provisions should be made for the regulating Insurances hereafter to be made on Ships, and on Goods, Merchandizes, or Effects, than those which are contained and enacted in and by the said Act;’ be it therefore 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,
[repealed; and no Policy to be made on any Ship, &c. without inferring thereon the Name or Names, or the Firm of Dealing, of one or more of the Persons interested, &c.]
That the said Act, made in the twenty-fifth Year of the Reign of his present Majesty, shall be, and the same is hereby repealed; and that, from and after the passing of this Act, it shall not be lawful for any Person or Persons to make or effect, or cause to be made or effected, any Policy or Policies of Assurance upon any Ship or Ships, Vessel or Vessels, or upon any Goods, Merchandizes, Effects, or other Property whatsoever, without first inserting, or causing to be inserted, in such Policy or Policies of Assurance, the Name or Names, or the usual Stile and Firm of Dealing of one or more of the Persons interested in such Assurance; or without, instead thereof, first inferring, or causing to be inserted in such Policy or Policies of Assurance, the Name or Names of the usual Stile and Firm of Dealing of the Consignor or Consignors, Consignee or Consignees of the Goods, Merchandizes, Effects, or, Property so to be insured; or the Name or Names, or the usual Stile and Firm of Dealing of the Person or Persons residing in Great Britain, who shall receive the Order for and effect such Policy or Policies of Assurance, or of the Person or Persons who shall give the Order or Direction to the Agent or Agents immediately employed to negociate or effect such Policy or Policies of Assurance.
[Policies made contrary to this Act to be void.]
II. And be it further enacted by the Authority aforesaid, That every Policy and Policies of Assurance, made or underwrote contrary to the true Intent and Meaning of this Act, shall be null and void to all Intents and Purposes whatsoever.
Source: Ruffhead, Statutes at Large, volume 15.
See also: 1745: 19 George 2 c.37: Marine Insurance.