| Guvnor

Enforcement: No single statutory enforcer
Status: In Force
Penalty ceiling: Regulated

The Marine Insurance Act 1906 codifies private contract law governing marine insurance policies between commercial parties. Disputes are resolved by the civil courts (typically Commercial Court or Admiralty Court of the High Court). The FCA does not enforce the 1906 Act itself — it regulates marine insurers' conduct and solvency through its own rulebook. No regulator administers or enforces the 1906 Act as a distinct instrument.

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm2

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

The Credit Unions (Northern Ireland) Order 1985 43 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Marine Insurance

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.001 Marine insurance defined.

s.002 Mixed sea and land risks.

s.003 Marine adventure and maritime perils defined.

Part 2

Insurable Interest

0 of 12 sections shown

12 other sections in this Part — procedural and definitional

s.004 Avoidance of wagering or gaming contracts.

s.005 Insurable interest defined.

s.006 When interest must attach.

s.007 Defeasible or contingent interest.

s.008 Partial interest.

s.009 Re-insurance.

s.010 Bottomry.

s.011 Master’s and seamen’s wages.

s.012 Advance freight.

s.013 Charges of insurance.

s.014 Quantum of interest.

s.015 Assignment of interest.

Part 3

Insurable Value

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.016 Measure of insurable value.

Part 4

Disclosure and Representations

0 of 5 sections shown

5 other sections in this Part — procedural and definitional

s.017 Insurance is uberrimæ fidei.

s.018 Disclosure by assured.

s.019 Disclosure by agent effecting insurance.

s.020 Representations pending negotiation of contract.

s.021 When contract is deemed to be concluded.

Part 5

The Policy

1 of 10 sections shown

s.024 Signature of insurer. Regulated

Sign marine policy or have it signed on your behalfFinancial Services Firm

9 other sections in this Part — procedural and definitional

s.022 Contract must be embodied in policy.

s.023 What policy must specify.

s.025 Voyage and time policies.

s.026 Designation of subject-matter.

s.027 Valued policy.

s.028 Unvalued policy.

s.029 Floating policy by ship or ships.

s.030 Construction of terms in policy.

s.031 Premium to be arranged.

Part 6

Double Insurance

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.032 Double insurance.

Part 7

Warranties, &c.

0 of 9 sections shown

9 other sections in this Part — procedural and definitional

s.033 Nature of warranty.

s.034 When breach of warranty excused.

s.035 Express warranties.

s.036 Warranty of neutrality.

s.037 No implied warranty of nationality.

s.038 Warranty of good safety.

s.039 Warranty of seaworthiness of ship.

s.040 No implied warranty that goods are seaworthy.

s.041 Warranty of legality.

Part 8

The Voyage

0 of 8 sections shown

8 other sections in this Part — procedural and definitional

s.042 Implied condition as to commencement of risk.

s.043 Alteration of port of departure.

s.044 Sailing for different destination.

s.045 Change of voyage.

s.046 Deviation.

s.047 Several ports of discharge.

s.048 Delay in voyage.

s.049 Excuses for deviation or delay.

Part 9

Assignment of Policy

0 of 2 sections shown

2 other sections in this Part — procedural and definitional

s.050 When and how policy is assignable.

s.051 Assured who has no interest cannot assign.

Part 10

The Premium

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.052 When premium payable.

s.053 Policy effected through broker.

s.054 Effect of receipt on policy.

Part 11

Loss and Abandonment

0 of 9 sections shown

9 other sections in this Part — procedural and definitional

s.055 Included and excluded losses.

s.056 Partial and total loss.

s.057 Actual total loss.

s.058 Missing ship.

s.059 Effect of transhipment, &c.

s.060 Constructive total loss defined.

s.061 Effect of constructive total loss.

s.062 Notice of abandonment.

s.063 Effect of abandonment.

Part 12

Partial Losses (including Salvage and General Average and Particular Charges)

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.064 Particular average loss.

s.065 Salvage charges.

s.066 General average loss.

Part 13

Measure of Indemnity

1 of 12 sections shown

s.073 General average contributions and salvage charges. Regulated

Claim full general average contribution if fully insuredFinancial Services Firm

11 other sections in this Part — procedural and definitional

s.067 Extent of liability of insurer for loss.

s.068 Total loss.

s.069 Partial loss of ship.

s.070 Partial loss of freight.

s.071 Partial loss of goods, merchandise, &c.

s.072 Apportionment of valuation.

s.074 Liabilities to third parties.

s.075 General provisions as to measure of indemnity.

s.076 Particular average warranties.

s.077 Successive losses.

s.078 Suing and labouring clause.

Part 14

Rights of Insurer on Payment

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.079 Right of subrogation.

s.080 Right of contribution.

s.081 Effect of under insurance.

Part 15

Return of Premium

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.082 Enforcement of return.

s.083 Return by agreement.

s.084 Return for failure of consideration.

Part 16

Mutual Insurance

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.085 Modification of Act in case of mutual insurance.

Part 17

Supplemental

0 of 8 sections shown

8 other sections in this Part — procedural and definitional

s.086 Ratification by assured.

s.087 Implied obligations varied by agreement or usage.

s.088 Reasonable time, &c. a question of fact.

s.089 Slip as evidence.

s.090 Interpretation of terms.

s.091 Savings.

s.094 Short title.

s.9293 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedules

0 of 17 shown

17 other schedules

s.schedule first para.1 Lost or not lost.

s.schedule first para.10 Restraint of princes.

s.schedule first para.11 Barratry.

s.schedule first para.12 All other perils.

s.schedule first para.13 Average unless general.

s.schedule first para.14 Stranded.

s.schedule first para.15 Ship.

s.schedule first para.16 Freight.

s.schedule first para.17 Goods.

s.schedule first para.2 From.

s.schedule first para.3 At and from.

s.schedule first para.4 From the loading thereof.

s.schedule first para.5 Safely landed.

s.schedule first para.6 Touch and stay.

s.schedule first para.7 Perils of the seas.

s.schedule first para.8 Pirates.

s.schedule first para.9 Thieves.

10 other provisions

s.para.100 Touching the adventures and perils which we the assurers are...

s.para.101 In Witness whereof we, the assurers, have subscribed our names...

s.para.102 N.B.—Corn, fish, salt, fruit, flour, and seed are warranted free...

s.para.103 The following are the rules referred to by this Act...

s.para.94 Lloyd’s S.G. policy

s.para.95 Upon any kind of goods and merchandises, and also upon...

s.para.96 upon the said ship, &c.

s.para.97 and so shall continue and endure, during her abode there,...

s.para.98 upon the said ship, &c., until she hath moored at...

s.para.99 without prejudice to this insurance. The said ship, &c., goods...

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