Connecticut Fire Ins. Co. v. Davison Chemical Corp.

CHESNUT, District Judge.

The only new point in this case is the proper meaning of the phrase “a pro rata monthly premium” as it appears in the “continuation clause” of the American Institute Time Hull Form of Marine Insurance Policy. The whole clause reads as follows:

“Provided, however, should the Vessel at the expiration of this Policy be at sea, or in distress, or at a port of refuge or call, she shall, provided previous notice be given to the Underwriters, be held covered at a pro rata monthly premium to her port of destination.”

The particular marine policy was issued by the Connecticut…