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Emergency Risks (Goods) Insurance Act, 1971 Complete Act

State: Central

Year: 1971

.....Central Act. SECTION 02: DEFINITIONS In this Act, unless the context otherwise requires.- (a) "emergency risks" means such risks arising from,- (i) action taken by an enemy or action taken in combating an enemy or in repelling an imagined attack by an enemy (ii) any explosion or fire which involves explosives or munitions or other dangerous things required for the purposes of defence against any action of an enemy and which happens or is caused by through, or in connection with the manufacture, storage or transportation of and such explosives, munitions or other dangerous things; (iii) measures taken under proper authority to avoid the spreadire of or otherwise to mitigate, the consequences of damage occurring (whether accidentally or not) as a direct result of any such action as is described in sub-clause (i) or of any such explosion or fire as is described in sub-clause(ii) (iv) precautionary or preparatory measures taken under proper authority with a view to preventing or hindering the earning out of any attack by an enemy, being measures involving a substantial degree of risk to property; (v) precautionary or preparatory measures involving the doing of work on land taken.....

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Emergency Risks (Undertakings) Insurance Act, 1971 Complete Act

State: Central

Year: 1971

.....such aggression; (iv) any person belonging to such other country; (d) "factory" means a factory as defined in clause (m) of section 2 of the Factories Act, 1948; (e) "factory building" includes all buildings comprised in the factory, and such other buildings (including residential buildings for staff and workmen, hospitals and welfare centres) within a radius of three kilometers from the main factory building as are in the same ownership or occupation as the factory and are used for the purposes of the factory; (f) "Fund" means the Emergency Risks (Undertakings) Insurance Fund constituted under section 7, (g) "inland vessel" means a vessel not ordinarily plying outside the limits of the territorial waters surrounding India (h) "insurable value" means the value of the property as ascertained for the purposes of insurance under this Act (i) "occupier" of a factory has the meaning assigned to it in clause (n) of section 2 of the Factories Act, 1948;(63 of 1948) (j) "owner", in relation to property insurable under this Act, means the owner of such property and includes, when parts of such property in relation to an undertaking to which this Act applies are owned by different.....

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