(1) The operator shall, before operation of nuclear installation, obtain an insurance policy or such other financial security or combination of both, covering the liability specified in the Second Schedule and in such manner as may be prescribed.
(2) The operator shall from time to time renew the insurance policy or other financial security before the expiry of the period of validity thereof.
(3) The provisions of this section shall not apply to a nuclear installation owned by the Central Government.
16. The operator of the nuclear installation, after paying the compensation for nuclear damage as specified in the Second Schedule, shall have a right of recourse where—
(a) such right is expressly provided for in a contract in writing; or
(b) the nuclear incident has occurred as a result of commission or omission of an individual with an intention to cause nuclear damage.
CHAPTER IV ATOMIC ENERGY REGULATORY BOARD