Finance Act, 1907

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Provisions as to policies of insurance.

62 & 63 Vict. c. 9.

8.—(1) It is hereby declared, for the removal of doubts, that “a policy of insurance for any payment agreed to be made “by way of indemnity against loss or damage of or to any “property” within the meaning of the Stamp Act, 1891, includes any notice or advertisement in a newspaper or other publication which purports to insure such payment.

(2) The provisions of section one hundred and sixteen of the said Act (which relates to composition for stamp duty on policies of insurance against accident) shall apply to policies of insurance for any payment agreed to be made by way of indemnity against loss or damage of or to any property as they apply to policies of insurance against accident.

(3) Section eleven of the Finance Act, 1899 (which relates to policies of insurance in respect of injury to workmen), shall be read as if two pounds were substituted for one pound as the amount of the annual premium therein mentioned.