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MARINE INSURANCE ACT 1906 - SECT 31

Premium to be arranged.

31.(1) Where an insurance is effected at a premium to be arranged, and no
arrangement is made, a reasonable premium is payable.

(2) Where an insurance is effected on the terms that an additional premium is
to be arranged in a given event, and that event happens but no arrangement is
made, then a reasonable additional premium is payable.

Double insurance.

© 1906 Crown Copyright

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