Section 21: Assignment of ranking
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.
21. Assignment of ranking
(1) The Board shall, in respect of every crop year, assign a ranking to
every insured.
(2) Subject to subsections (3) and (4) and section 41, the ranking shall
be calculated according to the formula set out in the First Schedule and the
result reduced to the next lower multiple of 0.1.
(3) Where the records of the Board are insufficient to enable it to calculate the ranking of a large planter or growing unit in accordance with subsection (2), the Board shall assign the ranking on such information as it has
available.
S54 – 9 [Issue 10]
Sugar Insurance Fund Act
(4) Where the ranking of an insured is less than 5, or exceeds 15, in any
crop year, his ranking—
(a) shall be deemed to be 5 or 15, as the case may be, for the purposes of determining the premium percentage and the value percentage set out in the second and third columns of the Second
Schedule respectively; and
(b) shall, for the following crop year, be calculated by reference to
the ranking referred to in paragraph (a).
(5) —
[S. 21 amended by s. 7 of Act 7 of 2007 w.e.f. 1 June 2006; s. 4 of Act 1 of 2012 w.e.f. 12
May 2012; s. 67 (c) of Act 11 of 2018 w.e.f. 1 June 2017.]