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CHAPTER 8 Calls and Club Funds

P. &. I Clubs Law and Practice

Page 103 CHAPTER 8 Calls and Club Funds Calls and Club Funds 8.1 Perhaps the most distinctive feature of P&I Club insurance, and a feature central to the concept of mutuality, is the system of levying calls rather than charging premiums. 1 On this subject, section 85(2) of the Marine Insurance Act 1906 states as follows: “The provisions of the Act relating to the premium do not apply to mutual insurance, but a guarantee, or such other arrangement as may be agreed upon, may be substituted for the premium.”

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