ABSTRACT
Introduction Insurable interest is a complex subject in marine insurance. The complexity is dual: a number of different legislative instruments as well as lack of an exact definition or test governing it cause problems. The matter is sometimes a question of construction in which the courts may find insurable interest because it is commercially convenient or because it is a broad concept. Insurable interest in life insurance and indemnity insurance is regulated and interpreted differently. Since a contract of marine insurance is a contract of indemnity, in this chapter only insurable interest in the context of indemnity insurance will be discussed.
