Section 51: Reduced premiums for groups of planters and métayers

51. Reduced premiums for groups of planters and métayers (1) The Minister may, by regulations, declare that planters or métayers shall, for the purpose of this section, be grouped by reference to the size or geographical location of their plantations or such other criteria as the Minister may determine. (2) Planters and métayers grouped under subsection (1) shall pay such reduced general insurance premium as may be specified in the regulations. (3) Where planters and métayers who are grouped are authorised under subsection (2) to pay the reduced general premiums, there shall be paid from the Consolidated Fund into the General Insurance Account the difference between the General Insurance premiums payable under section 24 by such planters or métayers and the reduced premium authorised under subsection (2). (4) Notwithstanding any regulations under subsection (1) for the payment of reduced general insurance premium, planters and métayers to whom the regulations apply shall, for the purposes of reinsurance under section 49, be deemed to have paid the full insurance premium.