Section 10
Payment towards cost of removal and reconstruction of insurable property. Repealed
The Emergency Risks (Undertakings) Insurance Act, 1971
About this Act
An Act to make certain provisions for the insurance of certain property in India against damage arising from emergency risks and for matters connected therewith or incidental thereto.
Where the
Central Government requires the owner of an undertaking to remove the insurable property and to
reconstruct it in another locality, the Central Government shall make to such owner, out of the Fund, such
payments, in addition to any sum payable under policy of insurance, as it considers sufficient to defray
the cost of the removal and, if necessary, the replacement of any part of the property in respect of which
no compensation is payable.