Central Act
33
Section 33. Premium to be arranged.
The Marine Insurance Act, 1963
In forceAll India (Central Act)
33. 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.