Report No. 21
28. 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.
[Cf. section 31, English Act]