The law of fire and life insurance / by George Beaumont.

  • Beaumont, George Duckett Barber.
Date:
1833
Catalogue details

Licence: Public Domain Mark

Credit: The law of fire and life insurance / by George Beaumont. Source: Wellcome Collection.

Provider: This material has been provided by Royal College of Physicians, London. The original may be consulted at Royal College of Physicians, London.

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    of fire insurance, though if a loss accrues it gene- rally happens to this part of the farming stock after it is gathered in, and such loss is then con- sidered within the scope of the original contract. 3. The goods or property of an enemy, or situ- ate in an enemy’s country, cannot be the subject of insurance; nor can there be insurance on the life of an enemy, though he be debtor on personal security to a British subject (c). But if an in- surance is determined by the loss happening, and then a war breaks out, the sum due on the in- surance is recoverable after the war {d'). 4. The property must be of a description usually made the subject of insurance : and must not be within the special exceptions of articles that cannot be insured by the conditions expressed in the policy (e). Insurances on gambling property, as on lotteries, are prohibited by statute (/*): and re-assurance or assurance against loss by an insurer, as to the sum he has contracted to pay on a policy issued by him, is also prohibited («). (c) 8 T. R. 548, 561. Tlendt v. Waters, 15 East, 260. Harman v. Kingston, 3 Camp. 153. (r/) 6 Maul. & S. 92. Contra Hale, P. C. 1, 95. But see Mag. Charta, c. 30. (e) Gunpowder, money, notes, bills, books of accounts, title-deeds, &c. i f)‘ 27 Geo. 3, c. 1. And see 9 Anne, c. 6. s. 57. (g) Except in case of death, insolvency, or bankruptcy ot the first insurer. Property in ships on the high seas is insured against fire by the usual shipping policy; therefore it is not usual to insure such property by a separate fire policy. So life policies are not taken out on live stock, they being insur-