We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

CHAPTER 8 Calls and Club Funds

P. &. I Clubs Law and Practice

Page 103


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.”

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?


Request a trial Find out more