The Ottoman maritime trade law for the year 1863 has provisions marine insurance systems in general (ie, insurance on ships and cargo insurance seaborne) materials (175-240). And in chapter Eleven of this law, which is the first laws regulating marine insurance, which is still in force in Iraq despite the macrophages of thinness in style and inaccuracies drafting, and this in turn led to a lack cope developments in the world of maritime transport in the present time .
Issued after this law Insurance Companies Act No. 74 of 1936, which consists of (12) material.
We find that the legislator in this law had committed insurance company deposit certain amounts in banks,
In order that the final fulfillment rather than the insurance company in the case of use the company's commitment to indemnify the insured for the damage to the impoverishment, due to the exposure voyage of the insured risk it.
The system also issued insurers No. 25 of 1936 in its articles (five) in which he tried to organize the work of the Agency and conditions that must be fulfilled in the proxy.
And then civil law No. 40 for the year 1951 where he addressed the insurance contract in Chapter III of Part IV of the materials (983-1007), and has been characterized by this law inserted general provisions of the insurance contract meaning it did not address the marine insurance in particular.
And then issued the Companies Act and insurance agents No. 49 of 1960 by which canceled both of Law No. 74 of 1936 and the system of insurance agents No. 25 of 1936.
And this has been modified law (Law No. 49 of 1960) Law No. 136 of 1965.
In 1958 a draft Iraqi maritime law, which dealt with the subject of marine insurance, but still a project is in place, and in 1974 a draft Iraqi Maritime Law of 1974, which also did not work. As for the Trade Act No. 30 of 1984, which dealt with some of the provisions of the insurance and not all of its provisions and thus not be enough to be applied to the process of marine insurance.
And despite the fact that the Iraqi legislature may address the issue of marine insurance in the legal regulation and through what issued from projects, but the practice of national insurance companies indicates that the insurance business were previously exercised by the foreign companies, and was the real beginning of insurance business carried out by insurance companies National is the year 1950, as established Iraqi National Insurance Company under Law No. 56 of 1950.
التسميات
Insurance nautical