Hebei Lansheng Biotech Co., Ltd.
ShangHai Yuelian Biotech Co., Ltd.

China issues draft proposal on agricultural insurance regulationsqrcode

May. 9, 2012

Favorites Print
May. 9, 2012

China issued a draft proposal on agricultural insurance regulations to solicit public opinion and promote the sound development of agricultural insurance, according to a circular published by the Legislative Affairs Office of the State Council (LAOSC).

The draft says China will support agricultural insurance with favorable financing and taxation policies and will specify the duties of relevant departments.

The draft also outlines the principles for insurance companies handling agricultural insurance and the rules for operations in accordance with risk analyses, business actions and business results.

Insurance companies can entrust grassroots agricultural institutions to assist in the insurance business with paper agreements signed by the two sides, the draft says.

"Agricultural insurance has been developing fast in China, covering provinces, autonomous regions and municipalities," said an official with the LAOSC. "However, problems still exist, including a lack of continued policy supports and unclear responsibilities for relevant departments."

People can visit the official website of the LAOSC, chinalaw.gov.cn, to offer advice before June 4.
Source: Xinhua News

Picture 0/1200

More from AgroNews


2021 Market Insight 2021 India Pesticide Suppliers Guide
2021 CRO & CRAO Manual 2021 Latin America Focus
2021 Seed Treatment Special 2021 Biologicals Special
Subscribe Comment


Subscribe Email: *
Mobile Number:  


Picture 0/1200

Subscribe to daily email alerts of AgroNews.