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Federal Law No. 260-FZ “On state support in the field of agricultural insurance and on amendments to the Federal Law "On agricultural development".

Country/Territory
Russian Federation
Document type
Legislation
Date
2011 (2022)
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Fisheries
Keyword
Agricultural development Agricultural commodities Crops/grasses Financial agricultural measures Liability/compensation Contract/agreement Risk assessment/management Subsidy/incentive Aquaculture Processing/handling
Geographical area
Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific
Entry into force notes
This Federal Law enters into force on 1 January 2012.
Abstract

This Federal Law establishes the legal basis for the provision of state support in the field of agricultural insurance in the implementation of insurance protection, related to the production of agricultural commodities, of the property interests of agricultural producers. The agricultural insurance program is a set of measures in the field of agricultural insurance, carried out in order to provide state support to agricultural producers, taking into account the characteristics of individual sectors of agriculture. The agricultural insurance program should contain, in particular, the procedure for providing state support in the field of agricultural insurance, a list of objects of agricultural insurance, agricultural risks, in case of which state support is provided, requirements for an agricultural insurance contract, conditions for granting subsidies. Agricultural insurance carried out with state support shall be intended insurance of property interests associated with the risk of loss (destruction) of agricultural crops, loss (destruction) of plantings of perennial plantations, loss (death) of agricultural animals, loss (death) of objects of commercial aquaculture (commercial fish farming), which is carried out in accordance with this Federal Law and other federal laws. Insured shall be intended an agricultural producer recognized as such and who has concluded an agricultural insurance (co-insurance) agreement (contracts) with the insurer (insurers). This Federal Law establishes the percentage of public subsidies for the partial coverage of insurance tariffs and the procedure for the calculation thereof, as well as the methodology of calculation of loss (destruction) of agricultural crops, loss (destruction) of plantings of perennial plantations, loss (death) of agricultural animals, loss (death) of objects of commercial aquaculture (commercial fish farming). It also establishes the mandatory requirements for model insurance contract. The share of the insurance premium used in the calculation of insurance rates and intended for making insurance and compensation payments to policyholders and beneficiaries must be at least eighty percent. The agricultural insurance plan is developed by the authorized body on the basis of proposals from the authorized bodies of the constituent entities of the Russian Federation and the association of insurers. The agricultural insurance plan is approved by the authorized body annually, no later than August 31 of the year preceding the planning year. The agricultural insurance plan contains: (a) a list of objects of agricultural insurance by species, groups of crops, perennial plantations, types, sex, age composition of farm animals, types, age composition of objects of commercial aquaculture (commercial fish farming), insurance of which is subject to state support in the planned year; and (b) limit rates for calculating the amount of subsidies, calculated, among other things, using actuarial methods and differentiated with respect to the constituent entities of the Russian Federation and objects of agricultural insurance, taking into account the natural and climatic conditions for growing crops, as well as the participation of the insured in the risk. Article 7 of the Federal Law "On agricultural development" shall be amended to add the following wording: “As a condition for the provision of subsidies from the federal budget to the budgets of the constituent entities of the Russian Federation in certain areas in the field of agricultural production, it may be established that agricultural producers (with the exception of citizens who maintain personal subsidiary plots and agricultural consumer cooperatives) have agricultural insurance contracts that meet the requirements of the federal law on state support in the field of agricultural insurance.”. Article 12 of the Federal Law "On agricultural development" shall be amended to add the following wording: “The legal basis for the provision of state support in the field of agricultural insurance in the implementation of insurance protection related to the production of agricultural commodities of the property interests of agricultural producers is established by the federal law on state support in the field of agricultural insurance.”

Full text
Russian
Website
www.senokosilka.ru

References - Legislation

Amends

Federal Law No. 264-FZ on agricultural development.

Legislation | Russian Federation | 2006

Keyword: Agricultural development, Agricultural commodities, Cooperative/producer organization, Credit, Smallholders/peasants, Basic legislation

Source: FAO, FAOLEX