---
kind: "section"
citation: "46 C.F.R. § 308.514"
title: "46"
number: "308.514"
heading: "Return premium."
url: "https://uscodex.org/cfr/46/308.514"
---

# §308.514. Return premium.


No premium will be returned to the assured with respect to a shipment of goods that attached under the policy except where there was a declaration of value at variance with Clause 8, or an error in the application of a rate or in the computation of a premium, or the insured goods were short-shipped. An application for the return of a premium shall be made on Form MA-307, prescribed in [§ 308.527](/cfr/46/308.527.md), filed in duplicate with the Underwriting Agent who will transmit it to the Maritime Administrator for payment.


## Notes

### Source

Source: 79 FR 17898, Mar. 31, 2014, unless otherwise noted.