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Fire insurance on buildings on land sold under Purchase Acts.
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66.—(1) Where the Estates Commissioners or the Congested Districts Board have erected or improved any buildings on any land, in respect of which an advance is made under the Land Purchase Acts, the Land Commission may, if they think fit, insure the buildings against loss or damage by fire and may keep the same insured until the advance has been repaid.
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(2) The Land Commission shall pay the premiums on any policy of insurance effected in pursuance of this section, and those premiums shall be a charge on the land purchased, and the amount of each such premium shall be collected by the Commission from the purchaser of the land and shall be recoverable in like manner as a purchase annuity.
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