7C1†Exemption of certain instruments from provisions of Stamp Act 1891, and Marine Insurance Act 1906.
1
None of the following instruments shall . . . F1 be inadmissible in evidence by reason only that it is not embodied in a marine policy in accordance with the M1Marine Insurance Act 1906, that is to say:—
a
b
an agreement entered into by a body to which this paragraph applies, being an agreement for the re-insurance of a risk insured by another person which may be again re-insured by the F2Board, and a policy issued in pursuance of such an agreement, being a policy for the re-insurance only of such a risk as aforesaid;
2
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4
Paragraph (b) of subsection (1) of this section applies to any body of persons for the time being approved for the purposes of this Act by the F4Board, being a body the objects of which are or include the carrying on of business by way of the re-insurance of risks which may be re-insured under any agreement for the purpose mentioned in paragraph (b) of subsection (1) of section one of this Act.