...premium. 1. What Policies are good. I. It is enacted by stat. 19 G. 2. c. 37. " That all insur" anees, interest or no interest, or without further proof of " interest than the policy itself; all gaminç or wagering pol" ides, or wherein the insurer shall have no benefit of sal" vage, are void...

...oron 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...

...What policies are illegal. It is enacted by an English statute, 19 G. 2, c. 37. " that all insurances, interest or no interest, or without further proof of interest than the policy itself; all gaming or wagering policies, or wherein the insurer shall have no benefit of salvage, are void...

...without proof of an interest (53). But it having been found, by experience, that the making assurances, " interest or no interest, or without further proof of interest than the policy," had been productive of many pernicious practices, and by introducing a mischievous kind of gaming or...

...any ship belonging to his majesty, or any of his subjects, or on any goods on board any sQch ship, interest or no interest, or without further proof of interest than the policy, or by way of gaming cir wagering, or without benefit of salvage to the assurer ; and every such assurance...

...to be made on French ships from Bourdeaux and Bayonne to the West Indies, either upon the terms of interest or no interest, or without further proof of interest than the policy, to the amount of lOO,OOOl. of which near the half was disputable losses, by there being great reason...

...policies by persons insuring who had no interest in the thing insured, and therefore it avoids policies made, interest or no interest, or without further proof of interest than the policy itself. The effect, therefore, of a valued policy is not to conclude the underwriter from shewing that the...

...which mischief the statute was made. In D(paba v. L.udlo'W (a) it is indeed said, that the words " interest or no interest," or " without further proof of interest than the policy itself," were introduced to obviate the necessity of proving the value: but, before that, it had been settled...

...any goods, iner" chandizes, or effects, laden or to be laden on board of nny " such ship or ships, interest or no interest, or without further " proof of interest than the policy, or by way of gaming, or " teagertng, or without bewjit of salvage to the assurer ,- and " that every...

...shew that it is such. The preamble of the statute 19 G. 2. c. 37. recites, that the making assurances, interest or no interest, or without further proof of interest than the policy, had been found pernicious, from whence it seems as if, before that act, all policies were on interest...