38 URUGUAY - INSURANCE AND THRIFT 



on the bank's forms which are annexed to the policy and after a minute 

 inspection, the value of the loss incurred, the state of the crops, etc. 



This declaration must be given to the local agent for immediate trans- 

 mission to the management at Montevideo, no later than fort^^-eight hours 

 after the loss has been incurred. The insured person must exact from the 

 agent for such notice find declaration a receipt which specifices the date 

 and hour of their delivery. 



Until the bank fixes the amount of the indemnity and agrees to grant 

 it the insured person may not touch the damaged crops, on pain of losing 

 all right to indemnification. If a crop have been damaged by hail at the 

 time at which the grain was ripe the insured person will, failing the bank's 

 order to the contrary, be obliged when he has made his declaration to har- 

 vest or continue to harvest the damaged grain, leaving however siich ears 

 standing as indicate the limits of the crop and form a basis for the bank's 

 estimate. 



In order that losses may be ascertained and estimated the bank, on 

 pain of an annulment of insurance, insists on : 



1. The presentation of the policy and the receipt for the notice and 

 declaration of loss. 



2. A declaration by the insured person or his representative, on the 

 demand of the bank's inspector, as to the day and the hour of the inspection. 



3. Exact proof that the injured crop is identical with the insured crop. 



4. Detailed information as to : 



a) when and how often the crops have been damaged by hail ; 



b) whether the insured person's declared right to insure and his 

 other declarations have been genuine ; 



c) whether or not the work necessary to a good crop have been per- 

 formed. 



5) The exact determination of : 



a) the area and situation of the damaged part ; 



b) the yield which might have been obtained from the insured 

 crops if they had ripened, until the time at which the loss occurred ; 



c) the percentage of this yield destroyed by the hail. 



The bank can in no case be responsible for more than the insured sum. 

 If after one or more occurrences of recognized loss a part of the crops be 

 again injured, the total damage will be estimated without taking into ac- 

 count previous estimates of loss ; and if the insured person have alreadj^ 

 been compensated for this loss or these losses, or the sum due for anterior 

 losses have already been fixed, the sums so paid will be deducted from the 

 total amount granted as an indemnity in accordance with the last estimate. 



The bank has the right to commission one or more persons to inspect 

 damaged crops once or oftener, or if necessary to delay inspection and valua- 

 tion. The insured person must furnish the necessary facilities for inspec- 

 tion and the estimate of losses. 



In case of lack of unanimity in the estimate of damage by the bank's 

 inspector and the insured person, the former may choose as to whether ex- 

 perts will be nominated or the matter delayed until the harvest or later. 



