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2007-3-18 11:42 vip
China to formulate policies to support agricultural insurance

China is to formulate supportive policies to push forward ^ t eo@m.T
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agricultural insurance and encourage insurance companies to provide better
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services in rural areas, said sources with the China Insurance Regulatory
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Commission (CIRC). @Q }#G'J4hJ,ke"P

#J o;m:r C9y.aZn Z.D     Last year, the state insurance watchdog received 47 Gi-S xc5^YPu P\
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suggestions from representatives of the National People's Congress, China's top
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legislature, and 41 proposals from deputies to the Chinese People's Political
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*m6[?` h3_(e3p Consultative Conference, the top advisory body. &O7c+w$X5{

&Y5zRRuh1z3\     Agricultural insurance drew most attention from these
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A6Gc]$g8? k representatives and deputies. u0F\+w}EQ

N"~q-?M7k1U |     They believed China should strengthen the role of g~5I0C!~#f:b-sf u

Z K.N)GQ#nt+h b0W~ agricultural insurance as a social stabilizer and encourage commercial insurance
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B&q3OUD"R*EV/h companies to join hand with the government in building the rural cooperative
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medical care system.
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    Their proposals also included boosting the
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development of agricultural insurance market, developing liability insurance in
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environmental protection and catering sectors, and establishing a medical
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malpractice insurance system.
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    The CIRC said it improved last year the trial SS.U.}&U v\+r u

W$Ze+mcLmT operation of agricultural insurance initiated in 2004 in Shanghai, Jilin,
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Tt.u*[6BK6n6d(` Heilongjiang, Jiangsu, Liaoning, Xinjiang, Ningxia, Inner Mongolia and Sichuan.
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    These regions contributed 78 percent of last year's
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F%Z \?^c+K total premium income from agricultural insurance, which was 846 million yuan "W!zA PooZ}

u8A0?x{@ (108.46 million U.S. dollars), up 16 percent from the previous year. *@F0@7VO}#AT:D&v{

"Q5hzBNZ0D9[     There were 160 agricultural insurance products on the G1b8SX^g|
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market last year, covering farmers' household properties and planting and
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3OWi+u5v breeding industries.

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