Agricultural Insurance Law (No. 27 of 1975).

There shall be established a Agricultural Insurance Board as a body corporate under section 2. The Board shall operate comprehensive agricultural insurance scheme for the benefit of farmers in respect of paddy crop and other notified crops and livestock. This scheme shall indemnify the farmers against loss, provide a stabilising effect on farm income, and promote agricultural production. The Board may exercise all or any of the powers specified in section 10. Persons cultivating paddy crop shall be deemed to have entered into a contract of insurance against loss with the Board as of a specified date. The Minister may, from time to time, determine the crops and species of livestock in respect of which voluntary insurance shall be provided by the Board (sect. 17). There shall b established an Agricultural Insurance Fund under section 21. (41 sections)