# Marine Insurance Act 1906, Section 52: When premium payable.


Unless otherwise agreed, the duty of the assured or his agent to pay the premium, and the duty of the insurer to issue the policy to the assured or his agent, are concurrent conditions, and the insurer is not bound to issue the policy until payment or tender of the premium.

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Source: https://www.legislation.gov.uk/ukpga/Edw7/6/41/section/52 (the official version)
Page: https://openlegislation.uk/marine-insurance-act-1906/section-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.