The Marine Insurance Act 1906 is primarily regarded as which type of act?

The Marine Insurance Act 1906 is primarily regarded as a codifying act because it consolidates and organizes the existing laws related to marine insurance into a single legislative framework. The Act not only incorporates common law principles but also sets out statutory rules that govern marine insurance contracts, providing clarity and accessibility to those involved in the marine insurance marketplace.

By codifying the principles that were previously scattered across case law and various statutes, the Act serves to improve the legal understanding for insurers, insured parties, and legal practitioners. This codification helps ensure that all parties have a clear understanding of their rights and obligations under marine insurance contracts.

In contrast, a repealing act would be intended to revoke or annul previously existing legislation, a prohibitive act aims to forbid certain actions or behaviors, and an enabling act provides the authority or capacity for a party to take action, none of which accurately describes the primary purpose and function of the Marine Insurance Act 1906.