PREMIUM, defined, 1, 143 when payable, 61 policy effected through broker, 61 effect of receipt, 62 substitute in mutual insurance, 110 PREPAID FREIGHT, insurance of, 16 effect of abandonment of ship on, 81 PROFITS, are insurable, 4 total loss of, 70 PRO RATA FREIGHT, effect of abandonment of ship on, 80, 22. PROVISIONS (FOR CREW), 19, 129 PROXIMATE CAUSE, RATIFICATION, of insurance effected by agent, 111 RATS, losses caused by, 64, 66 RECAPTURE, 78, 79 RECEIPT, effect of, in policy, 62 RECONDITIONING CHARGES, 93 RE-INSURANCE, rules as to, 13, 14 designation in policy, 33 no notice of abandonment, 77 REMOVAL, of ship for repair, 154 REPAIRS, in partial loss of ship, 89, 131, 154 estimate of, in constructive total loss, 71 carrying his own goods, 80, 114 general average, when he owns ship and freight, 85 duty as to general average, 85 SHIPPER. See ASSURED; Goods. SHORT INTEREST, 37, 109 SIGNATURE, of insurer, 31 SLIP OR COVERING NOTE, defined, 1 conclusion of contract by, 28 no action on, 29 when admissible in evidence, 30, 113 SMUGGLING, 51, 145 SPECIAL CLAUSES, how added, 118, n., 121 construction of, 121 See also WARRANTY. STAMP ACT, 1891 provisions as to policies set out, 137–139 scale of duties, 139, 140 STATUTE OF FRAUDS, verbal contract of sale, 9 STATUTES CITED, 19 Geo. 2, c. 37 (wager policies), 7, 133 5 Geo. 4, c. 114 (insurance companies), 152 8 & 9 Vict. c. 109 (gaming and wagering), 7, 152 54 & 55 Vict. c. 39 (stamps), 30, 32, 137 56 & 57 Vict. c. 71 (sale of goods), 140 57 & 58 Vict. c. 141 (merchant shipping), 15, 141 |