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The Ministry of Finance, Central Bank, Ministry of agriculture and the NSA have agreed on fundamental changes in the law of insurance
On 16 October the Ministry of agriculture of the Russian Federation held a meeting to discuss the amendments to the Federal law "On state support in agricultural insurance...". The meeting was attended by Deputy Finance Minister Alexey Moiseev, Deputy Minister of agriculture Igor Kuzin, Director of the Department of insurance securities market Igor Zhuk, President of the National Union of agricultural insurers the Roots of Beidou, Director of the Department of Economics and state support for agriculture of the Ministry of agriculture Natalia Chernetsov, Deputy Director of financial policy Department of the Ministry of Finance Vera Balakireva, Deputy head of Department of regulation of activities in the insurance market of the Central Bank of the Russian Federation Olga Slepneva, Deputy head of financial policy Department of the Ministry of Finance Alexander Itselev, representatives of the insurance community.
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According to the President of NSA Korney Bizhdov previously departments have already agreed on major amendments to the law on state support of agricultural insurance, the last meeting was devoted to several specific provisions of the bill. So, the meeting participants agreed with the abolition of the threshold of the crop. This offer comes from farmers themselves, who have repeatedly spoken on this issue in the Government, the Ministry of agriculture, the state Duma, the NSA and other agencies. According to statistics, more than 40% of refusals in insurance indemnity is due to the fact that crop damage is less than the set threshold. The withdrawal threshold of loss (destruction) of a crop drastically without a major impact on the cost of the policy – actuaries have already done the calculations, said the Roots of biggov.

Also at the meeting discussed the application of minimum and maximum size of unconditional franchise in the insurance contract conclusion with state support. The parties agreed to expand the range of deductibles, provided that the deductible shall not be less than 10% and should not exceed 50% - by agreement between the landowner and the insurer.

"The use of franchises will make the insurance terms and conditions flexible in terms of capabilities of farmers, thereby increasing their appeal among insurers and, in General, increasing the insurance coverage," says Roots of biggov.

Another issue to be discussed at the working meeting in the Ministry of agriculture, the inclusion of the law "On state support in agricultural insurance" links the ability to use crop data of space monitoring. The Agency welcomed the inclusion of space-based monitoring in the bill, but noted that the formulation requires further elaboration.

 

HELP

From 1 January 2016 at the market of agricultural insurance with state support is a single national Association, the national Union of agricultural insurers. Insurance companies, who are members of the NSA, from 1 January 2016 are not eligible to enter into contracts of insurance with state support. The creation of a centralized system of agricultural insurance in the Russian Federation is provided by Federal law 22.12.2014 No. 424-FZ on amendments to the Law "On state support in agricultural insurance..." №260-FZ.



Translated by service "Yandex.Translation"
Источники: Agro2b
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