Sri Lanka Consolidated Acts

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Crop Insurance Act (No. 13 of 1961) - Sect 24

Rates of indemnity

24.
(1) The rates at which indemnity is payable in respect of any specified crop shall be determined and notified in the Gazette by the Minister before each season.
(2) The rates determined by the Minister under sub-section (1) shall vary-
(a) in the case of a total loss of the crop, according to the stage of production at which the loss occurs, and
(b) in the case of a partial loss of the crop, in pro- portion to the extent of the loss and according to the stage of production at which the loss occurs.


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