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Presidential Decree No. 530 “On insurance”.

Country/Territory
Belarus
Document type
Legislation
Date
2006 (2021)
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Livestock, Cultivated plants
Keyword
Basic legislation Agricultural commodities Liability/compensation Crops/grasses Contract/agreement Slaughtering Cattle Sheep/goats Swine Equine-animals Poultry Plant production Textile plants/fibres
Geographical area
CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia
Entry into force notes
This Presidential Decree enters into force on the date of its official publication.
Abstract

This Presidential Decree establishes that in the Republic of Belarus shall be performed mandatory insurance with state support of crops, livestock and poultry. President of the Republic of Belarus shall determine determines the amount of transfers, the order and specific of use of means for mandatory insurance with state support of crops, livestock and poultry. In order to ensure the fulfillment of assumed insurance obligations, the insurance company forms insurance reserves related to mandatory insurance with state support of agricultural crops, livestock and poultry. Insurance companies are required to create precautionary funds for (preventive) measures from received insurance premiums by types of mandatory insurance, in particular related either to voluntary or to mandatory insurance with state support of crops, livestock and poultry. For the purposes of mandatory insurance with state support of crops, livestock and poultry the loss of crops - complete physical loss, as well as the impossibility of using agricultural crops neither for any primary nor for any other economic purpose for 15 or more percent of the total area of sowing (planting) of these crops; agricultural products shall be intended crops, livestock and poultry included in the list of species subject to mandatory insurance of agricultural products, annually approved by the President of the Republic of Belarus. An insurer for mandatory insurance of agricultural products is the company Belgosstrakh. Insurers under mandatory insurance of agricultural products are legal entities, the main activities of which are the cultivation (production) of agricultural crops, livestock and poultry, fiber flax processing, as well as legal entities, separate subdivisions of which cultivate (produce) agricultural crops, breed livestock and poultry, carry out the processing of fiber flax, have a separate balance sheet and (or) current (settlement) banking account or other bank account in terms of this activity. The following are not subject to mandatory insurance: (a) agricultural crops that the policyholder has sown during three to five years prior to the conclusion of a binding agreement for crop insurance, livestock and poultry, but did not receive any products (harvest) in any year; (b) crops affected by diseases; (c) livestock and poultry, in respect of which the policyholder does not comply with statutory requirements for maintenance, feeding, growing, breeding, moving, as a result of which they are at risk of death (loss), forced slaughter (destruction); (d) sick cattle and poultry; (e) cattle in a prenatal or postnatal state; (f) livestock and poultry, the latest examination of which for infectious disease has a positive reaction; (g) livestock and poultry in those areas or organizations where quarantine is established for an infectious disease, until it is canceled, except in cases of insurance of livestock and poultry of species that are not susceptible to this disease. The insurance value shall be calculated as follows: (a) crop insurance – cost of products of these crops, calculated by the insurer in the manner established by the Ministry of Finance in agreement with the Ministry of Agriculture and Food, based on the average yield crops per 1 hectare for the last 5 years, the official statistical information on average sales prices for the products of this crop, established in the year preceding the year of conclusion of the contracts for mandatory insurance of agricultural products, and area, from which it is planned to harvest; (b) for livestock and poultry insurance - their balance sheet (for livestock and poultry, for which depreciation is charged, - residual) value according to the accounting data of the insured as of the last reporting date. Sum insured under mandatory insurance contract for agricultural products is established separately for each type of agricultural crops, livestock and poultry in the amount of 75 percent of insured value of crops and 100 percent of insurance value of livestock and poultry. If under the contract of mandatory insurance of agricultural products, an insurance payment was made for one of the types of agricultural crops, livestock and poultry, the sum insured for this type of agricultural crops, livestock and poultry is reduced by the amount of insurance payment. Insurance premium under mandatory insurance contract for agricultural products is calculated by the insurer for each type of crop, livestock and poultry separately by multiplying sum insured for this type of crop, livestock and poultry for the insurance rate.

Full text
Russian
Website
pravo.by

References - Legislation

Amended by

Presidential Decree No. 443 “On insurance of output yield for agricultural crops, livestock and poultry”.

Legislation | Belarus | 2022

Keyword: Financial agricultural measures, Crops/grasses, Liability/compensation, Subsidy/incentive, Cattle, Poultry, Slaughtering, Pests/diseases, Animal health

Source: FAO, FAOLEX