Law no. 5116 of 2024. Private Natural disaster insurance, government aid and protection, housing assistance, Fire Department provisions and other provisions

The primary goal of Law No. 5116 of 2024 is to develop and expand private insurance against natural disasters, strengthen the framework for state aid to businesses and agricultural holdings, and improve services related to the relief of those affected by natural disasters. It addresses the impacts of natural disasters, which are increasingly influenced by climate change. The law aims to enhance resilience and provide financial protection against such events through private insurance and state aid mechanisms.