Moldovan Subsidized Insurance Bill Approved by Moldovan Government


Moldovan Subsidized Insurance Bill Approved by Moldovan Government

07/20/2020

The law will regulate the relationship between insurers and agricultural producers

On July 20, 2020, the Government of the Republic of Moldova at its meeting approved the draft law on subsidized insurance in agriculture, MOLDPRES reports. Further, according to the procedure, the project will be sent to the country’s parliament.

This law is intended to stimulate producers of agricultural products to insure property interests against the risks inherent in agricultural activities, and to protect their interests in the insurance process.

Read also: Moldova: nets and films are the only way to protect the quality of fruits from the negative effects of precipitation

The law will also regulate the relationship between insurers and agricultural producers arising in the process of insurance in agriculture, as well as the relationship established between them, on the one hand, and government agencies, on the other.

According to the Minister of Agriculture, Regional Development and the Environment, Ion Perge, the agricultural sector is very vulnerable to natural disasters, and agricultural insurance is a reliable long-term mechanism, supported by the state, which will protect farmers.

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