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EMERGENCY DECREE ON DISASTER INSURANCE PROMOTION FUND, B.E. 2555 (2012).

Country/Territory
China
Document type
Regulation
Date
Source
FAO, FAOLEX
Subject
Environment gen.
Keyword
Hazards Financing Fiscal and market measures
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific
Abstract

A fund shall be established in Ministry of Finance and shall be called “Disaster Insurance Promotion Fund”. It shall be a legal entity with the purpose to administer the risk from disaster by insuring and reinsuring and to provide financial assistance to non-life insurance operator. The Ministry of Finance upon the approval of the Council of Ministers shall have the powers to borrow money in Baht or foreign currencies on behalf of the Government of the Kingdom of Thailand and provide it to the fund to be disbursed under its purposes without submitting it to the Treasury under the law on appropriation and finance.

Full text
Chinese
Website
www.krisdika.go.th