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Resolution No. 108 of the Board of Directors of the National Bank of Ukraine validating the Regulation on the implementation of agricultural products insurance activities with state support.

Country/Territory
Ukraine
Document type
Regulation
Date
2021
Source
FAO, FAOLEX
Subject
Agricultural & rural development
Keyword
Agricultural commodities Financial agricultural measures Subsidy/incentive Contract/agreement
Geographical area
Black Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia
Entry into force notes
This Order enters into force on the day following its official publication.
Abstract

Regulation on the implementation of agricultural products insurance activities with state support establishes the organizational and legal basis for the activity of insurers in the insurance of agricultural commodities with state support. The requirements of this Regulation apply to insurers who intend to carry out or are carrying out the activity of insurance of agricultural commodities with state support. This Regulation defines: (a) general requirements for insurers who intend to carry out activities related to the insurance of agricultural commodities with state support, in order to include such insurers in the list; (b) additional requirements for insurers during the conduct of activities with insurance of agricultural commodities with state support; (c) the procedure for confirming information about the compliance of insurers who intend to carry out activities related to the insurance of agricultural commodities with state support; and (d) the procedure for compliance of insurers with the requirements of this Regulation control by the National Bank. The National Bank has the right to demand in writing from insurers copies of documents certified in accordance with the procedure established by the legislation of Ukraine, and information, as well as written explanations on issues of activity in the field of insurance of agricultural commodities with state support. Insurers are obliged to provide relevant information and copies of documents upon written requests of the National Bank within the time limit set by the National Bank.

Full text
Ukrainian
Website
zakon.rada.gov.ua