Stamp Act · s 61

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61.
Assuring unless under policy duly stamped
(1) Any person who —
(a) becomes an assurer upon any sea insurance or enters into any contract for sea insurance, or directly or indirectly receives or contracts or takes credit in account for any premium or consideration for any sea insurance, or knowingly takes upon himself any risk, or renders himself liable to pay, or pays any sum of money upon any loss, peril or contingency relative to any sea insurance, unless the insurance is expressed in a policy of sea insurance duly stamped; or
(b) makes or effects or knowingly procures to be made or effected any sea insurance, or directly or indirectly gives or pays, or renders himself liable to pay, any premium or consideration for any sea insurance, or enters into any contract for sea insurance, unless the insurance is expressed in a policy of sea insurance duly stamped; or
(c) is concerned in any fraudulent contrivance or device, or is guilty of any wilful act, neglect or omission with intent to evade the duties payable on policies of sea insurance or whereby the duties may be evaded, is guilty of an offence and liable on conviction to a fine of $400.

Stamp
(2) Every broker, agent or other person negotiating or transacting any sea insurance contrary to the true intent and meaning of this Act, or executing any policy of sea insurance upon paper not duly stamped, shall for every such offence be liable to a fine of $400 and shall not have any legal claim to any charge for brokerage, commission or agency or for any money expended or paid by him with reference to the insurance, and any money paid to him in respect of any such charge is deemed to be paid without consideration, and shall remain the property of his employer.
(3) Any person who makes or issues or causes to be made or issued any document purporting to be a copy of a sea policy, and there is not at the time of the making or issue in existence a policy duly stamped whereof the said document is a copy, shall for such offence, in addition to any other fine or penalty to which he may be liable, be liable to a fine of $400.

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s 61Assuring unless under policy duly stamped

(1)

Any person who —

(a)

becomes an assurer upon any sea insurance or enters into any contract for sea insurance, or directly or indirectly receives or contracts or takes credit in account for any premium or consideration for any sea insurance, or knowingly takes upon himself any risk, or renders himself liable to pay, or pays any sum of money upon any loss, peril or contingency relative to any sea insurance, unless the insurance is expressed in a policy of sea insurance duly stamped; or

(b)

makes or effects or knowingly procures to be made or effected any sea insurance, or directly or indirectly gives or pays, or renders himself liable to pay, any premium or consideration for any sea insurance, or enters into any contract for sea insurance, unless the insurance is expressed in a policy of sea insurance duly stamped; or

(c)

is concerned in any fraudulent contrivance or device, or is guilty of any wilful act, neglect or omission with intent to evade the duties payable on policies of sea insurance or whereby the duties may be evaded, is guilty of an offence and liable on conviction to a fine of $400.

Stamp

(2)

Every broker, agent or other person negotiating or transacting any sea insurance contrary to the true intent and meaning of this Act, or executing any policy of sea insurance upon paper not duly stamped, shall for every such offence be liable to a fine of $400 and shall not have any legal claim to any charge for brokerage, commission or agency or for any money expended or paid by him with reference to the insurance, and any money paid to him in respect of any such charge is deemed to be paid without consideration, and shall remain the property of his employer.

(3)

Any person who makes or issues or causes to be made or issued any document purporting to be a copy of a sea policy, and there is not at the time of the making or issue in existence a policy duly stamped whereof the said document is a copy, shall for such offence, in addition to any other fine or penalty to which he may be liable, be liable to a fine of $400.