INSTRUMENTS ACT 1958 - SECT 21 No insurance to be made unless insurer has interest
INSTRUMENTS ACT 1958 - SECT 21
No insurance to be made unless insurer has interestNo insurance shall be made by any person or persons bodies politic 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 the policy or policies are made shall have no interest or by 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.
No. 3706 s. 22.