Marine Insurance Act : Premium to be arranged. Indian Bare Acts :

Marine Insurance Act,1963

Act No : 11

Section : Premium to be arranged.

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. DOUBLE INSURANCE