Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsMaximum amount of indemnity
| 25. The amount of indemnity payable for each acre in the case of the loss of any specified crop in any season shall not exceed the value of fifty per centum of the average yield of that crop during that season in areas in which productivity and risk are similar to those in the area in which that acre lies, such value being computed according to the price for the time being of such crop under the Guaranteed Price Scheme, if that Scheme applies to such crop, or, if that Scheme does not apply to such crop, according to the average of the market prices of such crop during the three years immediately preceding the year in which the loss occurs:Provided that, where the Commissioner is satisfied that any insured follows methods of farming approved by the Commissioner, the preceding provisions of this section shall, in their application to such insured, have effect as if for the words " fifty per centum" occurring in those provisions there were substituted the words " sixty per centum ". |