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MARINE INSURANCE ACT 1906 - SECT 15

Assignment of interest.

15. Where the assured assigns or otherwise parts with his interest in the
subject-matter insured, he does not thereby transfer to the assignee his
rights under the contract of insurance, unless there be an express or implied
agreement with the assignee to that effect.

But the provisions of this section do not affect a transmission of interest by
operation of law.

Measure of insurable value.

© 1906 Crown Copyright

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