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The Life Assurance Act 1774 [1] (14 Geo. 3. c. 48, also known as the Gambling Act 1774 [2] [3]) was an Act of Parliament of the Parliament of Great Britain, which received royal assent on 20 April 1774. [4] The Act prevented the abuse of the life insurance system to evade gambling laws.
Life Assurance Act 1774 [1] 14 Geo. 3. c. 48. 20 May 1774. An Act for regulating Insurances upon Lives, and for prohibiting all such Insurances, except in Cases where ...
Accordingly, the Act introduced into English law for the first time the requirement of an "insurable interest" in the subject matter of a policy of insurance. This requirement was later replicated for life insurance in the Life Assurance Act 1774 .
Notably the Marine Insurance Act 1745 (which introduced the concept of an insurable interest, although it did not use the term expressly), the Life Assurance Act 1774 which renders such life insurance contracts illegal, and the Marine Insurance Act 1906, s.4 which renders such contracts void.
20 April – Life Assurance Act stipulates that people taking out life assurance must have an interest in the life of the insured person, with the intention of eliminating the use of policies as a form of gambling.
A Finnish study published in 2020 found that chronic stress shortened the life expectancies of both men and women by more than two years, for example. A Yale study the following year found that ...
“The White Lotus” hit 3.4 million viewers with the second episode of its third season on Sunday night, marking a 40% increase from the season premiere the week before. That total comes from a ...
Life Assurance Act 1774; M. Madhouses Act 1774; Massachusetts Government Act; Q. Quartering Acts; Quebec Act; T. Test Act 1774 This page was last edited on 18 ...