Section 41. Insurance against the third party risk.

(1) The Promoter of such ropeway shall obtain a policy of insurance with respect to the ropeway from an authorised insurer recognised under the relevant insurance law. (2) The policy of insurance obtained by the Promoter under sub section (1) shall cover the insurance of the persons travelling in the ropeway including those persons employed by the Promoter in connection with the operations of such ropeway against any liability which may be incurred by him in respect of the death of or bodily injury to any person including of the goods or his authorised representatives carried in the ropeway or damage to any property of third party by, or arising out, of the use of ropeway. (3) Provided that the State Government shall not be liable for any claim on account of any accident or mishap in such Ropeway Projects.