Law library · Sierra Leone · The Insurance Act, 2016
Section 39, The Insurance Act, 2016
Status not yet checkedThe Insurance Act, 2016, Sierra Leone
(1) No insurer shall allow credit on the premium payableon an annual policy.
(2) The receipt of an insurance premium shall be a
condition precedent to a valid contract of insurance and there shall
be no cover in respect of an insurance risk, unless the premium is
paid in advance.
PART IV—RECORDS, ACCOUNTS AND RETURNS
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