NIGERIAN AGRICULTURAL INSURANCE CORPORATION ACT

Section 10: Indemnity.

1993Section 10 of 36Federal Republic of Nigeria

Indemnity shall be based(a) in the case of crops, on approved input cost up to the time the loss occurred but if some crops were salvaged then, less the value of the crops actually harvested;
(b) in the case of livestock, on a valuation table to be prepared by the Corporation for each class of stock; and
(c) in the case of crops, livestock and other agricultural items specified, from time to time, by the corporation, on agreed value of the crops, livestock or item.

Cite this section

Section 10, NIGERIAN AGRICULTURAL INSURANCE CORPORATION ACT (1993).

https://repo.podus.ai/laws/nigerian-agricultural-insurance-corporation-act/section/10/