We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close


Insurance Disputes

3 INSURABLE INTERESTS DAVID BAILEY, QC AND JOCELIN GALE Page 61 3.1 A traditional feature of a contract of insurance is that the insured has an “insurable interest” in the subject matter of the insurance. It is the potential effect upon the insured of the occurrence of a future risk that most obviously distinguishes a contract of insurance from a simple wager. 1 A premium so called would be no more than a stake if the insured had no interest in the subject-matter of the contract other than the amount he had wagered and the risk of fraudulent claims would be increased.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?


Request a trial Find out more