37
CurrentPremium to be arranged
Part IIMarine Insurance
Division 5The Policy
37 Premium to be arranged
(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.
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