Page 154 - Misc Ebook IC 78

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acts by the appraisers who are on the approved list of
the insured bank and provided the bank exercises
reasonable precautions and safeguards in the selection
and appointment of such appraisers. The liability of the
insurer is limited to 5% of the basic sum insured or Rs
25,000 whichever is less.

h) Janata agents - it covers loss due to infidelity or criminal
act by the Janata agents or chhoti bachat yojana agents
or pygmy collectors etc. Provided such agents are regular
part-time agents of the insured bank and their appointed
after full scrutiny of their credentials and guaranteed by
two reliable independent persons. The liability of the
insurer is limited to 5% of the basic sum insured or Rs
10,000 whichever is less.

Q9. Write a detailed note on the horticulture
crops and plantation insurance with
reference to coverage, exclusions and sum
insured.

Ans. The horticulture crops and plantation insurance provides
indemnity in respect of loss of or damage to the insured
crops by

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