Agricultural and Fishery Disaster Insurance Act

Laws and Policies

CCLW

CCLW national policies

Law passed

Last amendment

<p>This act regulates the insurance industry's coverage of agricultural and fishery disasters, including by defining agricultural and fishery insurance, outlining the scope of allowable coverage, defining who is a legal insurance provider, and regulating procedures throughout the insurance process, such as assessing damage and appraising worth.<br><br>It allows the government to subsidize insurance premiums in this area and creates a re-insurance fund for firms providing disaster insurance to the agricultural and fishery sectors.</p>
