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Time Interest

A Dictionary of Law · Henry Campbell Black · 1891

A Dictionary of Law

INTEREST OR NO INTER4ST. ‘These words, inserted in an insurance poliey, mean that the question whether the insured has or has not an insurable interest in the subject-matter is waived, and the policy isto be good irrespective of such interest. ‘The effect of such a clause is to make it a zoager policy.