4. Activation of the agricultural insurance market in order to ensure sustainable
development of the agricultural sector requires the recovery of state support for
insurance. It is proposed to determine the state support for agricultural risk insurance
as a provision of funds from the public budget to agricultural producers in the form of
grant-in-aid to pay for part (not more than 50%) of insurance premiums charged under
the insurance contract which concluded with an insurance company (a member of the
Agricultural Insurance Pool) and by providing guarantees of public reinsurance.
Sufficient and stable funding for this state support program should be provided.
Compensation for part of the cost of an insurance premium is not carried out by the
insured person. This will help reduce the cost of insurance, increase financial solvency
and financial sustainability of agricultural producers.
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