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Section 37 - Marine Insurance Act 1909 - Premium to be arranged — Zoe

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Marine Insurance Act 1909

37Premium to be arranged

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#### 37 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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