# Marine Insurance Act 1906, Section 51: Assured who has no interest cannot assign.


Where the assured has parted with or lost his interest in the subject-matter insured, and has not, before or at the time of so doing, expressly or impliedly agreed to assign the policy, any subsequent assignment of the policy is inoperative:
Provided that nothing in this section affects the assignment of a policy after loss.

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Source: https://www.legislation.gov.uk/ukpga/Edw7/6/41/section/51 (the official version)
Page: https://openlegislation.uk/marine-insurance-act-1906/section-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.