law: Marine Insurance Act, 1963 
  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 out no arrangement is made, then a
  
  reasonable additional premium is payable.