RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF TAJIKISTAN

of January 28, 1994 No. 36

About the national compulsory insurance of property of agricultural enterprises irrespective of patterns of ownership

Insurance of agricultural enterprises irrespective of patterns of ownership substantially depends on climatic conditions.

Severe losses in case of natural disasters and adverse weather climatic conditions infringe on interests in agricultural industry not only separate farms, and also certain regions and the republic in general.

The accumulated work experience showed benefit of compulsory insurance of property of agricultural enterprises on production of agricultural products in comparison with voluntary which on the essence is selective. In case of voluntary insurance the size of rates of payments in comparison with obligatory will increase, especially for agricultural enterprises which are located in zones of risk agriculture that will have an adverse effect on economy of these farms.

The economic condition of many agricultural enterprises of the republic does not allow to sign agreements on voluntary insurance of property.

The Council of Ministers of the Republic of Tajikistan decides:

1. Accept offers of the Tajik state insurance commercial organization, the Ministry of Agriculture and land reform of the Republic of Tajikistan on preserving in the territory of the republic of the national compulsory insurance of property of agricultural enterprises on production of agricultural products.

2. Determine that:

calculation of insurance payments is made proceeding from average productivity for the last five years and current prices per the area of cultures on the harvest eve of the current year;

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