- Latest available (Revised)
- Original (As enacted)
Life Assurance Act 1774
You are here:
- Previous
- Next
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
Opening Options
More Resources
Changes over time for: Life Assurance Act 1774
Changes to legislation:
There are currently no known outstanding effects for the Life Assurance Act 1774.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Life Assurance Act 1774
1774 CHAPTER 48 14 Geo 3
X1An Act for regulating Insurances upon Lives, and for prohibiting all such Insurances except in cases where the Persons insuring shall have an Interest in the Life or Death of the Persons insured.
Preamble.
Whereas it hath been found by experience that the making insurances on lives or other events wherein the assured shall have no interest hath introduced a mischievous kind of gaming:
Editorial Information
X1This Act is not necessarily in the form in which it has effect in Northern Ireland
Modifications etc. (not altering text)
C1Short title given by Short Titles Act 1896 (c. 14)
C2Act explained by (E.W.) (S.) Children Act 1958 (c. 65), s. 9 and (E.W.) Adoption Act 1976 (c. 36), ss. 37(2), 74(2) and (S.) Adoption (Scotland) Act 1978 (c. 28), ss. 37(2), 67(2) and Foster Children Act 1980 (c. 6, SIF 21), ss. 19, 24(2) and (S.) Foster Children (Scotland) Act 1984 (c. 56, SIF 20), s. 18
C3Act excluded by (E.W.) Local Government Act 1972 (c. 70), s. 140(3), (S.) Local Government (Scotland) Act 1973 (c. 65), s. 86(3) and (E.W.) Land Drainage Act 1976 (c. 70), s. 35(3)
C4Act excluded by Local Government Act 1972 (c. 70, SIF 81:1), s. 140C(3) (as inserted by Local Government (Miscellaneous Provisions) Act 1982 (c. 30, SIF 81:1), s. 39(2))
C5Act amended (E.W.) (14.10.1991) by Children Act 1989 (c. 41, SIF 20), ss. 66(5), 108(6), Sch. 8 para. 11, Sch. 14 para. 1(1); S.I. 1991/828, art. 3(2)
C6Act excluded (E.W.) (1.12.1991) by Water Resources Act 1991 (c. 57, SIF 130), ss. 1(6), 225(2), Sch. 1 para. 2(4) (with ss. 16(6), 105(4), 113(4), 179, 222(3), 224(1), 225(4), Sch. 22 paras. 1, 2, 4)
C7Act excluded (E.W.) (1.12.1991) by Land Drainage Act 1991 (c. 59, SIF 73:1), ss. 1(5), 76(2), Sch. 2 para. 1 (with ss. 67(3)(5)(8), 72(6)(8), 74(3)(4))
Act excluded (E.W.) (21.3.1997) by 1997 c. 45, ss. 2(3), 4(2)
Act excluded (1.4.1998) by S.I. 1998/633, art. 4(3)
C8Act excluded by 2000 c. 32, Sch. 3A para. 12(4) (as inserted (4.9.2007) by Police (Northern Ireland) Act 2003 (c. 6), s. 19, Sch. 1 para. 13; S.R. 2007/371, art. 2(c))
C9Act excluded (1.4.2012) by Justice Act (Northern Ireland) 2011 (c. 24), s. 111(3), Sch. 1 para. 16(4); S.R. 2012/142, art. 2(a)
C10Act excluded (1.4.2012) by Justice Act (Northern Ireland) 2011 (c. 24), s. 111(3), Sch. 2 para. 16(4); S.R. 2012/142, art. 2(a)
C11Act excluded (2.6.2014 for specified purposes) by Local Government Act (Northern Ireland) 2014 (c. 8), ss. 121(3), 129 (with s. 124(4)); S.R. 2014/153, art. 3, Sch. 2
Commencement Information
I1Act wholly in force at Royal Assent.
[1.] No Insurance to be made on the lives of persons having no interest, &c.U.K.
From and after the passing of this Act no insurance shall be made by any person or persons, bodies politick or corporate, on the life or lives of any person, or persons, or on any other event or events whatsoever, wherein the person or persons for whose use, benefit, or on whose account such policy or policies shall be made, shall have no interest, or by way of gaming or wagering; and every assurance made contrary to the true intent and meaning hereof shall be null and void to all intents and purposes whatsoever.
2 No policies on lives without inserting the persons names, &c. U.K.
And it shall not be lawful to make any policy or policies on the life or lives of any person or persons, or other event or events, without inserting in such policy or policies the person or persons name or names interested therein, or for whose use, benefit, or on whose account such policy is so made or underwrote.
Modifications etc. (not altering text)
C12S.2 amended retrospectively by Insurance Companies Amendment Act 1973 (c. 58), s. 50
3 How much may be recovered where the insured hath interest in lives.U.K.
And in all cases where the insured hath interest in such life or lives, event or events, no greater sum shall be recovered or received from the insurer or insurers than the amount of value of the interest of the insured in such life or lives, or other event or events.
4 Not to extend to insurances on ships, goods, &c.U.K.
Provided always, that nothing herein contained shall extend or be construed to extend to insurances bona fide made by any person or persons on ships, goods, or merchandises, but every such insurance shall be as valid and effectual in the law as if this Act had not been made.
Options/Help
Print Options
PrintThe Whole Act
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.