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.

Report

Read on from s 32

Schedules

Details

Marine Insurance Act 1906 · s 31

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Judgments that cite this Act

15 in all

The increased value part of a marine insurance was void as a wager, capping the claim SummaryOversea-Chinese Banking Corp Ltd v Argoglobal Underwriting Asia Pacific Pte Ltd and others · [2025] SGHC 82
The insured did not prove the loss was caused by perils of the seas SummaryArgoglobal Underwriting Asia Pacific Pte Ltd and others v Oversea-Chinese Banking Corp Ltd · [2026] SGCA 14
Hua Seng Sawmill Co Bhd v QBE Insurance (Malaysia) Bhd[2003] SGHC 233

Where this comes from

Singapore Statutes Online · Marine Insurance Act 1906, 2020 Revised Edition. Reader record updated on 13 Oct 2026.

Singapore legislation is Government copyright, used with the permission of the Attorney-General’s Chambers. Check Singapore Statutes Online for the latest version.

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