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October 22, 2022

A clause relating to the time and manner of payment of premiums is commonly inserted in an insurance contract to improve the insurer’s legal position at common law

A clause relating to the time and manner of payment of premiums is commonly inserted in an insurance contract to improve the insurer’s legal position at common law Discuss the common law position relating to the payment of the premium. Also, explain the function and the effect of the clause relating to the payment of premium in an insurance contract.

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