Research Into The Legal System Of Planting Industry Insurance

By planting industry insurance, it refers to the type of insurance service whereby artificially cultivated agricultural plantation is the insurance target, the plantation business owner is the insurant, and upon the payment of agreed insurance premium by the insurant to the insurer, the insurer shall indemnify the insurant for the losses of the insured target caused by natural disasters and unpredictable accidents within the scope of the insurance liability. As a vital component of China's agricultural insurance system, planting industry insurance plays a key role in spreading planting industry risks and ensuring the sound and stable development of China's planting industry.The planting industry insurance contract is the basic whereupon planting industry insurance contractual relations commence, alter and terminate. In the light of China's concrete conditions, the planting unit, in the capacity of one party to the contract, takes in the main collective and joint insurance, in part individual insurance, plus various other modes of insurance. Meanwhile, the establishment of insurer as the other party to the contract should also adopt appropriate modes of insurance based on different geography and actual conditions.Crop insurance premium rate shall be determined according to different risk areas respectively .This premium rate will be calculated with the formation of a combination of different levels of insurance unit. Sound planting industry insurance risk differentiation and corresponding premium division represents insurance risk coherence and aids efficiently in the prevention of counter-choice.It is imperative that we attach due and correct importance to problems of liability weakening and inefficiency resulting from planting industry insurance subsidies, absorb and learn from the experience and lessons drawn from the countries worldwide in planting industry insurance, and build a planting industry insurance subsidy system that is adequately funded by the government and has excellent operation capabilities.The planting industry insurance in our country is just at the experimental stage. few managing agency, ow risk-taking ability, the targets of the inspection and management of planting insurance should be focused on the following respects: promoting planting industry insurance carried out extensively, improving its management and its market access and withdrawal mechanism, inspecting its payment of operating agency, promoting our country's reinsurance mechanism construction.China's current planting industry insurance should be regulated by CIRC's property under the supervision of the Department of Insurance, after the introduction of agricultural insurance law, the regulation should be completed by specialized agricultural insurance regulatory agencies, which is attached to the Ministry of Agriculture with independent status and responsibilities.