Fire Insurance Duty Act 1782
| Jurisdiction | UK Non-devolved |
| Citation | 1782 c. 48 |
| Year | 1782 |
(22 Geo. 3) C A P. XLVIII.
'Most Gracious Sovereign,
WE, your Majesty's most dutiful and loyal Subjects, the Commons ofGreat Britain , in Parliament assembled, being desirous to raise the Supply granted to your Majesty in this Session of Parliament by Ways the least burthensome to your Majesty's Subjects, have freely and voluntarily resolved to give and grant unto your Majesty the Duty herein-after mentioned;' and do most humbly beseech your Majesty that it may be enacted; and be it enacted by the King's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That, from and after the twenty-fourth Day of , one thousand seven hundred and eighty-two, there shall be raised, levied, collected, and paid, throughout the Kingdom ofGreat Britain , unto and for the Use of his Majesty, his Heirs and Successors, the yearly Sum of one Shilling and Sixpence upon every Sum of one hundred Pounds, and so in Proportion for any greater or less Sum, that is or shall be insured by any Person or Persons in or by any Policy of Insurance for insuring Houses, Furniture, Goods, Wares, Merchandizes, or other Property, from Loss by Fire.
II Publick Hospitals not liable.
II. Provided always, and be it further enacted by the Authority aforesaid, That nothing herein contained shall extend, or be construed to extend, to charge or make liable any Publick Hospital to the Payment of the Rate or Duty to be laid by virtue of this Act.
III The Duty to be under the Management of the Commissioners of Stamps.
'III. And for the better and more effectual raising, levying, collecting, and paying the said Duty herein-before granted,' be it further enacted, That the same shall be under he Government, Care, and Management of the Commissioners for the Time being appointed to manage the Duties payable to his Majesty, his Heirs and Successors, and charged on stamped Vellum, Parchment, and Paper; and they, or the major Part of them, are hereby authorised and required, from Time to Time, to appoint and employ such Officers under them for that Purpose, and to allow such Salaries and incidental Charges, as shall be necessary; and to do all other Acts, Matters, and Things, necessary to be done for putting this Act in Execution, with relation to the said Duty hereby granted, in the like and in as full and ample Manner as they, or the major Part of them, are or is authorised to put in Execution any of the Laws now in being concerning stamped Vellum, Parchment, and Paper.
IV No Person to keep an Insurance Office without a Licence:
IV. And be it further enacted by the Authority aforesaid, That, from and after the said twenty-fourth Day ofJune one thousand seven hundred and eighty-two, no Person or Persons shall publickly or privately insure, or open or keep any Office for insuring Houses, Furniture, Goods, Wares, Merchandizes, or other Property, from Loss by Fire in Great Britain , without first taking out a Licence for that Purpose from the Commissioners for managing the Stamp-duties, in Manner herein-after mentioned.
V The Corporations of the Royal Exchange and London Insurance, excepted.
V. Provided always, and be it enacted, That nothing herein contained shall extend, or be construed to extend, to exclude the Corporations of theRoyal Exchange and London Assurance (being chartered Companies), from assuring Houses, Furniture or Goods, Wares, Merchandizes, or other Property, from Fire, in like Manner as they now do, without taking out any Licence for the same.
VI Commissioners are to grant Licences.
VI. And be it further enacted, That, from and immediately after the passing of this Act, the Commissioners for managing the Stamp-duties for the Time being, or the major Part of them, are hereby authorised and required, under their Hands and Seals to grant a Licence for insuring Houses, Furniture, Goods, Wares, Merchandizes, or other Property, from Loss by Fire, to all and every Body and Bodies Politick or Corporate, and Person and Persons applying for the same; which said Licence shall set forth the Name or Names and other Description of the Body or Bodies Politick or Corporate, or Person or Persons taking out the same, and also the principal House or other Place where such Business of insuring Houses, Furniture, Goods, Wares, and Merchandizes, or other Property, from Loss by Fire, shall, at the Time of taking out such Licence, be principally carried on by the Body or Bodies Politick or Corporate, or Person or Persons taking out the same.
VII Penalty on keeping an Office without a Licence, or in any Manner contrary to this Act.
VII. And be it further enacted, That all and every Person and Persons, and Body and Bodies Politick or Corporate, who or which, from and after the said twenty-fourth Day ofJune , one thousand seven hundred and eighty-two, shall insure, or set up or keep any Office for insuring Houses, Furniture, Goods, Wares, Merchandizes, or other Property, from Loss by Fire, without the Authority of such Licence as aforesaid, or in any other House or Place, except the House or Place to be named in the Licence under which such Body or Bodies Politick or Corporate, or other Person or Persons, shall act, or such other House or Houses or Place or Places as shall be subordinate to the House or Place to be named in such Licence, and be kept by same Person or Persons employed as Agent or Agents to any Body or Bodies Politick or Corporate, or other Person or Persons having such Licence as aforesaid, or in any other Manner contrary to such Licence, or to the Intent and Meaning of this Act, shall forfeit, for every Day in which such Offence shall be committed, the Sum of fifty Pounds, and also double the Amount of the Premiums of Insurance which such Body or Bodies Politick or Corporate, or other Person or Persons, shall receive on any such Day.
VIII Persons taking out Licences are to give Band to his Majesty.
VIII. And be it further enacted, That all and every Person and Persons, and Body and Bodies Politick or Corporate, to whom or which any such Licence as aforesaid shall be granted, shall, at the Time of receiving such Licence, give Security with sufficient Sureties, to be approved of by the major Part of the said Commissioners of Stamp-duties, by Bond to his Majesty, his Heirs and Successors, in such Sum as the said Commissioners may think reasonable, so as the same do not exceed the probable Amount of the Duty payable by such Body or Bodies Politick or Corporate, or Person or Persons respectively, for Half a Year; with a Condition, that if such Person or Persons, or Body or Bodies Politick or Corporate, shall faithfully make out, sign, and deliver, an Account of all Money received for the said Duty, and well and truly make Payment of all such Sum and Sums of Money as shall be due and payable to his Majesty, in pursuance of and according to the true Intent and Meaning of this Act; and also truly and faithfully observe and perform all the Directions, Matters, and Things herein contained, on his, her, or their Behalf to be observed and performed, such Bond shall be void, but otherwise to be and remain in full Force.
IX Licences to continue in Force for one Year only.
IX. And be it further enacted, That every Licence to be taken out under this Act shall endure and have Force only for one Year from the Day of granting the same; but if a Licence shall be granted to two or more Persons, and any or either of them shall die before the Expiration of the Year, it shall continue until such Expiration in Favour of the Survivor or Survivors of the Persons licensed.
X Clause relative to Companies not incorporated.
'X. And whereas great Part of the Business of Insurances against Loss by Fire is transacted at Offices kept by Companies not incorporate, but consisting of a great Number of Partners;' be it therefore enacted, That where such Business of insuring is carried on by such Companies not incorporate, or by a greater Number of Partners than four, the Licence so to be granted by the said Commissioners of Stamps, in Manner aforesaid, shall be granted to such two or more of any such Company or Partners, as and for the whole Company or Partnership, as shall be named to the said Commissioners under Authority from such Company or Partnership; and in every such Case, the Licence shall continue in Force until the End of one Year from the Day of granting the same, notwithstanding the...
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