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MARINE INSURANCE ACT 1906 - SECT 51 

Assured who has no interest cannot assign.

51. Where the assured has parted with or lost his interest in the
subject-matter insured, and has not, before or at the time of so doing,
expressly or impliedly agreed to assign the policy, any subsequent assignment
of the policy is inoperative:

Provided that nothing in this section affects the assignment of a policy after
loss.

When premium payable.

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© 1906 Crown Copyright

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