BAILII [Home] [Databases] [World Law] [Search] [Feedback]

Northern Irish Legislation

You are here:  BAILII >> Databases >> Northern Irish Legislation >> MARINE INSURANCE ACT 1906

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

MARINE INSURANCE ACT 1906 - SECT 14 

Quantum of interest.

14.(1) Where the subject-matter insured is mortgaged, the mortgagor has an
insurable interest in the full value thereof, and the mortgagee has an
insurable interest in respect of any sum due or to become due under the
mortgage.

(2) A mortgagee, consignee, or other person having an interest in the
subject-matter insured may insure on behalf and for the benefit of other
persons interested as well as for his own benefit.

(3) The owner of insurable property has an insurable interest in respect of
the full value thereof, notwithstanding that some third person may have
agreed, or be liable, to indemnify him in case of loss.

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

© 1906 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/mia1906170/s14.html