The purpose of the 1774 Act was to prevent ‘gaming’ in the disguise of insurance and in the sense of gambling on the outcome of an uncertain event in which the ‘assured’ had no interest save for the interest created by the very gamble or agreement itself.
Judges:
Tyndall CJ
Citations:
(1832) 9 Bing 329, [1832] EngR 824, (1832) 9 Bing 320, (1832) 131 ER 635 (B)
Links:
Statutes:
Jurisdiction:
England and Wales
Cited by:
Cited – Feasey v Sun Life Assurance Company of Canada and Another: Steamship Mutual Underwriting Association (Bermuda) Ltd v Feasey ComC 17-May-2002
The fact that there was more than one insurance policy in place for the same interest would not preclude a claim under one of them. A mutual underwriting group insured members against personal injury and so forth through ‘lineslip’ policies. The . .
Lists of cited by and citing cases may be incomplete.
Insurance
Updated: 14 June 2022; Ref: scu.184477
