The Principle Of Insurable Interest In The Marine Insurance

Insurable interest is a principle with a long history. It originated in the maritime insurance, but has become a basic rule in all kinds of insurance contracts as time goes by. Whether the insured has an insurable interest is related to the validity of the insurance contract. As a kind of property insurance, maritime insurance also contains the insurable interest. Insurable interest in maritime insurance plays a very important roll. It not only concerns the interest of the insured and insurer, but also concerns the development of marine business. However, what is the meaning of the insurable interest is remain a problem. There is a short of basic theories and a consummate regulation. Scholars also have disputes on this problem. How to define the meaning of the insurable interest is what all the scholars, the insurers and related people concern about.This thesis will start from the origin and the function of the insurable interest, and introduce the development of the principle. Then, the writer will discuss how to understand the principle in China by comparing the different regulations in different countries. Then the thesis will introduce the use of the principle in maritime insurance, mainly in goods insurance and ship insurance. Finally, the writer will try to give some advices on how to amend the insurance law.