Good Faith and Insurance Contracts
Page 139
CHAPTER 6
Legislation affecting the duty of good faith
Legislation affecting the duty of good faith
6.01
A number of statutes have had an influence on the development of the duty of the utmost good faith in an indirect way. For example, the Sea Insurance Contracts Act 1867, which rendered a contract of insurance enforceable and binding only by the issuance of a policy of insurance, helped the courts to delineate the duration of the duty as it applies at the placing of the insurance.1