- See POLICY OF ASannual convention of the people in the Isle of SURANCE, 2 3. By Stat. 30 and 31 Vict. c. 23, 88, no policy of marine insurance may be made for any time exceeding twelve months, and any policy made for a longer period is void. TIME, REASONABLE, (what is, a question of law). 2 Cai. (N. Y.) 369; 4 Cow. (N. Y.) 743; 7 Id. 705. Man.