ABSTRACT
The modern regime of English insurance law has been largely derived and developed from early marine insurance, which is the oldest form of insurance known to the common law jurisdictions. The business of marine insurance was firmly developed in England by as early as the sixteenth century. Given this development of the insurance market over a considerable period of time, substantial numbers of cases have inevitably accumulated and eventually established a set of systematic principles under English law. Based upon more than 150 years of judicial authority, the English Marine Insurance Act came into effect in 1906 to reflect the law in the form of statutes notably as a result of the remarkable work of Sir Mackenzie Chalmers. Consequently, English marine insurance law has over its long history developed to a high level and has exerted significant impact on both common law and civil law jurisdictions.
