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Alexander's British statutes in force in Maryland. 2d ed., 1912
Volume 194, Page 1018   View pdf image (33K)
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1018 19 GEO. 2, CAP. 37, INSURANCE.
761* of Interest than the Policy, hath been productive of
many pernicious Practices, whereby great Numbers of Ships,
with their Cargoes, have either been fraudulently lost and
destroyed, or taken by the Enemy in Time of War; and such
Assurances have encouraged the Exportation of Wooll, and
carrying on many other prohibited and clandestine Trades,
which by Means of such Assurances have been concealed, and
the Parties concerned secured from Loss, as well to the Diminu-
tion of the publick Revenue, as to the great Detriment of fair
Traders; and by introducing a mischievous kind of Gaming
or Wagering, under the Pretence of assuring the Risque on
Shipping, and fair Trade, the Institution and landable Design
of making Assurances, hath been perverted; and that which
was intended for the Encouragement of Trade and Naviga-
tion, has, in many instances, become hurtful of, and destructive
to the same: 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 first Day of August one thou-
sand seven hundred and forty-six, no Assurance or Assur-
ances shall be made by any Person or Persons, Bodies Cor-
porate or Politick, on any Ship or Ships belonging to his
Majesty, or any of his Subjects, or on any Goods, Merchandizes
or Effects laden or to be laden on Board of any such Ship or
Ships, Interest or no Interest, or without further Proof of
Interest than the Policy, or by way of Gaming or Wagering, or
without Benefit of Salvage to the Assurer; and that every such
Assurance shall be null and void to all Intents and Purposes.
IV. And be it further enacted by the Authority aforesaid,
That it shall not be lawful to make Reassurance, unless the
Assurer shall be insolvent, become a Bankrupt, or die; in
either of which cases such Assurer, his Executors, Administra-
tors or Assigns, may make Reassurance, to the Amount of
the Sum before by him assured, provided it shall be expressed
in the Policy to be a Reassurance.
VI. And be it further enacted by the Authority aforesaid,
That in all Actions or Suits brought or commenced after the
said first Day of August, by the Assured, upon any Policy of
Assurance, the Plaintiff in such Action or Suit, or his Attor-
ney or Agent, shall within fifteen Days after he or they shall

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Alexander's British statutes in force in Maryland. 2d ed., 1912
Volume 194, Page 1018   View pdf image (33K)
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