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Sugar Insurance Fund Act

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

Later amending instruments held: Finance (Miscellaneous Provisions) Act 2019 (Act No 13 of 2019), Covid-19 (Miscellaneous Provisions) Act 2020, Finance (Miscellaneous Provisions) Act 2020, Finance (Miscellaneous Provisions) Act 2021 (Act No 15 of 2021), Finance (Miscellaneous Provisions) Act 2022 (Act No 15 of 2022), Finance (Miscellaneous Provisions) Act 2024 (Act No. 11 of 2024).

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Sections

  1. 1 Short title
  2. 2 Interpretation
  3. PART II: THE FUND, BOARD AND COMMITTEE
  4. 3 The Fund and its objects
  5. 4 The Board
  6. 5 Constitution of Board
  7. 6 Quorum
  8. 13 Appointment of staff
  9. 14 Delegation of powers
  10. 15 Conditions of service of staff
  11. PART IV: FINANCIAL PROVISIONS
  12. 16 Administrative expenses
  13. 17 Investment of assets of Fund
  14. 18 Loans by Board
  15. 18A Loans granted by Board
  16. 19 General Insurance, Fire Insurance and Bulk Sugar Insurance Account
  17. 20 Reserve Fund
  18. 20A Reinsurance Fund
  19. PART V: GENERAL INSURANCE
  20. 21 Assignment of ranking
  21. 22 Insurable sugar of a large planter or growing unit
  22. 23 Insurable sugar of a miller
  23. 24 General insurance premium
  24. 25 Declaration of event year
  25. 25A Prescribed area and prescribed percentage of total insurable sugar
  26. 26 Assessment of compensation
  27. 27 Reduction of compensation
  28. 28 Payments out of General Insurance Account
  29. 29 Limitation of compensation
  30. 30 Advances to an insured
  31. 32 Bar to claim
  32. 33 Forfeiture of compensation
  33. 33A Insurance of refiners
  34. PART VI: FIRE INSURANCE
  35. 34 Fire insurance premium
  36. 35 Report of fire
  37. 36 Inspection of plantation after damage by fire
  38. 37 Compensation for loss by fire
  39. 37A Transport allowance for burnt canes inserted by Finance Act 2019
  40. 37A Transport allowance for burnt canes inserted by Act No 13 of 2019
  41. PART VI: FIRE INSURANCE
  42. 38 Compensation met by Fire Insurance Account
  43. 38A Deficit in Fire Insurance Account inserted by Finance Act 2019
  44. 38A Deficit in Fire Insurance Account inserted by Act No 13 of 2019
  45. PART VI: FIRE INSURANCE
  46. 39 Where insured ineligible for compensation
  47. 39A Payments out of Bulk Sugar Insurance Account
  48. PART VII: MISCELLANEOUS
  49. 40 Registration of factories and plantations
  50. 41 Change of ownership
  51. 42 Inspection of property
  52. 43 Survey of plantations
  53. 44 Special privilege
  54. 45 Returns
  55. 47 Sugar price
  56. 48 Consulting actuary
  57. 49 Recommendations made by Board
  58. 50 Special duty
  59. 51 Reduced premiums for groups of planters and métayers
  60. 52 Appeal to Supreme Court
  61. 53 Offences
  62. 54 Burden of proof
  63. 55 Regulations made by Minister
  64. 56 Regulations made by Board
  65. 56A Temporary measures during COVID-19 period inserted by COVID-19 (Miscellaneous Provisions) Act 2020
  66. 56A Temporary measures during COVID-19 period inserted by Act No 1 of 2020
  67. PART VII: MISCELLANEOUS
  68. 57 Transitional provision
  69. FIFTH SCHEDULE
  70. 1
  71. 2
  72. 3