Ocean Accident & Guarantee Corp. v. Albina Marine Iron Works

The law of the land applicable thereto is a part of every valid contract. When plaintiff and defendant entered into the contract providing “Premium rate to be determined” the law presumes that the rate was to be determined by the schedule of rates filed by plaintiff with the insurance commissioner. Under the statute no other rate could be lawfully exacted: Or. L., § 6328, subd. 7, as amended by Chap. 155, Gen. Laws 1921; Or. L., §§ 6356, 6362, 6389, subd. 13; Rosenkrantz v. Barde, 107 Or. 338, 351 (214 Pac. 893); German Alliance Ins. Co. v. Lewis, 233 U. S. 389 (58 L. Ed. 1011, 34 Sup. Ct.…