# Marine Insurance Act 1906, Section 31: 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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Source: https://www.legislation.gov.uk/ukpga/Edw7/6/41/section/31 (the official version)
Page: https://openlegislation.uk/marine-insurance-act-1906/section-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.