AGRICULTURAL AND AGRARIAN INSURANCE ACT

Arrangement of Sections

1. Short title.

PART I

The Agricultural and Agrarian Insurance Board

2. Establishment of the Agricultural and Agrarian Insurance Board.

3. Constitution of the Board.

4. Chairman of the Board.

5. Quorum and Procedure at Meetings.

6. Seal of the Board.

7. Functions of the Board.

8. Powers of the Board.

9. Staff of the Board.

10. Officers and servants of the Board deemed to be public servants.

11. The Board deemed to be a Scheduled institution under the Bribery Act.

12. Powers of the Minister in relation to the Board.

PART II

Insurance

13. Determination and payment of premium.

14. Loss Claim.

15. Voidance of Insurance.

16. Assignment of insurance policy by way of security for loan.

17. Deductions from money Payable under insurance policy.

18. Award.

19. Appeals against rejection of claims.

20. Reinsurance.

21. Power of inspection of lands in which specified crops are raised.

22. Power to direct an insured person to take measures to prevent damage to insured land.

PART III

Finance

23. Capital of the Board.

24. Fund of the Board.

25. Borrowing powers of the Board.

26. Investment of the Funds of the Board.

27. Accounts and Balance sheet.

28. Audit of Accounts.

PART IV

General

29. This Act to prevail over other written law.

30. Protection of action.

31. Property of the Republic both immovable and movable to be made available to the Board and acquisition of immovable property under the Land Acquisition Act for the Board.

32. Regulations.

33. Repeal and transitional provisions.

34. Sinhala text to prevail in case of inconsistency.

35. Interpretation.

20 of 1999.

AN ACT to provide for the establishment of an Agricultural and Agrarian Insurance Board to provide insurance of agricultural and horticultural crops and medicinal plants, livestock, fisheries and forestry, agricultural equipment and implements and the storage and preservation of agricultural and horticultural produce and the products of medicinal plants, fisheries and forest produce; to provide medical benefits and social security schemes for agriculturists; to repeal the Agricultural Insurance Law, No. 27 of 1973; and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 16th July, 1999]

1. Short title.

This Act may be cited as the Agricultural and Agrarian Insurance Act.

PART I

The Agricultural and Agrarian Insurance Board

2. Establishment of the Agricultural and Agrarian Insurance Board.

(1) There shall be established a Board which shall be called the Agricultural and Agrarian Insurance Board thereinafter referred to as "the Board”.

(2) The Board shall by the name assigned to it by Board, subsection (1), be a body corporate with perpetual succession and a common seal and may sue and be sued in such name.

3. Constitution of the Board.

The Board shall consist of the following members—

(a) the Chairman appointed by the Minister;

(b) the Secretary to the Ministry of the Minister in charge of the subject of Finance, or an officer of the Ministry of Finance nominated by such Minister;

(c) the Secretary to the Ministry of the Minister in charge of the subject of Agriculture or his nominee;

(d) the Secretary to the Ministry of the Minister in charge of the subject of Fisheries or his nominee;

(e) the Secretary to the Ministry of the Minister in charge of the subject of Livestock or his nominee;

(f) the Chief Executive of a licensed Commercial Bank within the meaning of the Banking Act, No. 30 of 1988 nominated by the Minister, or his nominee;

(g) the nominee of a National Farmers' Association recognised by the Government.

4. Chairman of the Board.

(1) The Chairman of the Board shall, subject to the provisions of subsections (4) and (5) hold office for a period of three years from the date of his appointment, and shall be eligible for re-appointment.

(2) If the Chairman of the Board is for any reason temporarily unable to perform the duties of his office, the Minister may appoint a fit and proper person to act in his place.

(3) The Chairman of the Board shall be remunerated in such manner and at such rates as may be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance.

(4) The Chairman of the Board may resign from the office of Chairman by letter addressed to the Minister.

(5) The Minister may at any time remove the Chairman of the Board from the office of Chairman, without assigning any reason therefor.

5. Quorum and Procedure at Meetings.

(1) The quorum for any meeting of the Board shall be three and, subject as aforesaid, the Board may regulate the procedure in regard to its meetings and the transaction of business at such meetings.

(2) The Board may act notwithstanding any vacancy among its members.

6. Seal of the Board.

(1) The seal of the Board shall be in the custody of the Board.

(2) The seal of the Board shall not be affixed to any instrument or document except in the presence of two members of the Board both of whom shall sign the instrument in token of their presence.

(3) The seal of the Board may be altered in such manner as may be determined by the Board.

7. Functions of the Board.

The functions of the Board shall be—

(a) to establish and operate a comprehensive insurance scheme for the benefit of agriculturists, in respect of crops, including plantation crops, medicinal plants, fisheries, forestry and livestock, which will indemnify them against losses, and with a view to providing stability to agriculturists and to promoting agricultural production;

(b) to establish and operate an insurance scheme for the benefit of agriculturalists in respect of agricultural equipment and implements and other movable and immovable property of agriculturists;

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Recent Updates

OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


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IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015