law: Civil Liability for Nuclear Damage Act, 2010 
  8. Operator to
  
  maintain insurance or financial securities. – 
  1.     
  
    The
  
  operator shall, before he begins operation of his nuclear installation, take
  
  out insurance policy or such other financial security or combination of both,
  
  covering his liability under sub-section (2) of section 6, in such manner as
  
  may be prescribed.
  2.     
  
    The
  
  operator shall from time to time renew the insurance policy or other financial
  
  security referred to in sub-section (1), before the expiry of the period of
  
  validity thereof.
  3.     
  
    The
  
  provisions of sub-sections (1) and (2) shall not apply to a nuclear
  
  installation owned by the Central Government.
  Explanation.--For the purposes of this
  
  section, "financial security" means a contract of indemnity or
  
  guarantee, or shares or bonds or such instrument as may be prescribed or any
  
  combination thereof.