In force · As amended up to 2026-08
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
Source: India Code