| Act of Parliament | |
 | |
| Long title | An Act to codify the Law relating to Marine Insurance. |
|---|---|
| Citation | 8 Edw. 7. c. 41 |
| Other legislation | |
| Repeals/revokes | Marine Insurance Act 1745 |
Status: Current legislation | |
| Text of the Marine Insurance Act 1906 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The Marine Insurance Act 1906 (8 Edw. 7. c. 41) is a UK act of Parliament regulating marine insurance. The act applies both to "ship & cargo" marine insurance, and to P&I cover.
The act was drafted by Sir Mackenzie Dalzell Chalmers, who had earlier drafted the Sale of Goods Act 1893. The act is a codifying act, that is to say, it attempts to collate existing common law and present it in a statutory (i.e. “codified”) form. In the event, the act did more than merely codify the law, and some new elements were introduced in 1906. The Marine Insurance Act 1906 has been highly influential, as it governs not merely English law, but it also dominates marine insurance worldwide through its wholesale adoption by other jurisdictions.
Two modern statutes, the Consumer Insurance (Disclosure and Representations) Act 2012 (“CIDRA”) and the Insurance Act 2015 have made amendments to the law of insurance.