Section 10 in The Emergency Risks (Goods) Insurance Scheme
10. Rate of Premium.
(1)The premium payable under any policy of insurance issued in respect of the quarter ending on the 31st December, 1971 shall be payable at the rate of nine paise for every hundred rupees or any part thereof, of(2)The amount of any premium payable under sub-paragraph (1) shall be rounded off to the nearest rupee and shall be payable in one lump sum in respect of the entire for which the policy is or is continued in force, provided that shall be required of the entire quarter in which the policy is or is continued in force, provided that the same insurable or are insured under this scheme after the commencement of a quarter, the premium shall be payable in one lump sum, which shall equivalent to the amount payable in respect of goods insurable during the entire quarter reduced by an amount which bears to the first mentioned amount the same proportion as the number of completed months in that quarter before the goods become insurable or are insured bears to three, the actual amount due in accordance which this provision being rounded off to the nearest rupee.
