Section 33A: Insurance of refiners
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.
33A. Insurance of refiners
(1) No refiner shall be insured under this section unless it holds—
(a) a certificate from the Mauritius Sugar Authority witnessing its
shareholding structure; and
(b) a certificate from the Syndicate witnessing its authorisation to
produce refined sugar for the optimisation of value added for the
whole of the sugar industry.
(2) Subject to subsection (3), the insurance of a refiner shall be governed
by an insurance contract entered into between the Board and the refiner.
(3) An insurance contract shall be for an initial duration of 6 years, commencing on 1 July 2009 and ending on 30 June 2015.
(4) Wherever applicable, the terms and conditions of an insurance contract shall have regard to the provisions of Part V, in particular, those relating
to ranking and insurable sugar and to the First and Second Schedules.
(5) A refiner and the Syndicate shall furnish such information pertaining
to this section as may be required by the Board.
(6) A dispute under an insurance contract shall, in the first instance, be
referred to arbitration as governed by rules on contracts.
(7) Where arbitration fails to resolve a dispute, the contracting parties
may have recourse to the Supreme Court in accordance with any rules made
by the Chief Justice.
[S. 33A inserted by s. 44 (c) of Act 14 of 2009 w.e.f. 1 July 2009.]
PART VI – FIRE INSURANCE