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


Marine Insurance: Law and Practice

CHAPTER 3 INSURABLE INTEREST I INTRODUCTION 3.1 The law on insurable interest as it applies to marine insurance contracts derives from the nature of the contract as one of indemnity and also from an historical legacy of policies against gambling. 1 Consequently the requirement is complex, not universally adhered to in practice, and the subject of proposals for abolition or reform. 2 However, the outcome of current, fluctuating debate on the future of the concept is uncertain. For present purposes, therefore, the following discussion is based on what the law currently is rather than on what it may eventually turn out to be.

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