Section 33
Premium to be arranged.
The Marine Insurance Act, 1963
About this Act
An Act to codify the law relating to marine insurance.
(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.
(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.