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English Marine Insurance Act 1906 - An Act to codify the Law relating to Marine Insurance [21st December 1906]
England
copy @ Lex Mercatoria
(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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