Interest policy

One where the assured bas a reni, substantial, and assignable interest in the thing insured ; as opposed to a wager policy

Defined under Policy of Insurance in Black's Law Dictionary.

In insurance, One which actually, or prima facie, covers a substantial and insurable interest; as opposed to a wager policy. Interest reipublices ne maleficia re- Mmaneant impunita. It concerns the state that crimes remain not unpunished. Jenk, Cent. pp. 30, 31, case 59; Wing. Max. 501, Interest reipublicee ne sua quis male utatur. It concerns the state that persona do not misuse their property. 6 Coke, 36a. Interest reipublics quod homines conserventur. It concerns the state that [the lives of] men be preserved, 12 Coke, 62. Interest reipublicss res judicatas non rescindi. It concerns the state that things adjudicated be not rescinded. 2 Inst. 360. It is matter of public concern that solemn adjudications of tlhe courts should not be disturbed. See Best, Ev. p. 41, § 44. Interest reipublics suprema hominum testamenta rata haberi. It concerns the state that men’s last wills be held valid, [or allowed to stand.] Co. Litt. 2360. Interest reipublicce ut carceres sint in tuto. It converns the state that prisons be safe places of confinement. 2 Inst. 589. Interest (imprimis) reipublice ut pax in regno conservetur, et quecunque paci adversentur provide declinentur. It especially concerns the state that peace be preserved in the kingdom, and that whatever things are against peace be prudently avoided. 2 Inst. 158. Interest reipublice ut quitibet re sua bene utatur. It is the concern of the state that every one uses his property properly. Interest reipublice: ut sit finis litium. a period be put to litigation. at