Notice on Matters Concerning Agricultural Insurance Premium Subsidies for the Year 2013
Cai Jin [2013] No. 7
To the Ministry of Agriculture, the finance departments (bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government, and cities with separate state planning, the Finance Bureau of the Xinjiang Production and Construction Corps, China Grain Reserves Corporation, and China Agricultural Development Group Co., Ltd.:
In order to earnestly implement the relevant spirit of the Party Central Committee and the State Council, implement the "Regulations on Agricultural Insurance", further improve the work on agricultural insurance premium subsidies, and give full play to the financial support role of agricultural insurance for agriculture, the relevant matters are hereby notified as follows:
I. Increase the proportion of central financial subsidies for fattening pig insurance premiums
Starting from 2013, on the basis of local financial subsidies of at least 30%, the central financial subsidy proportion for fattening pig insurance premiums will be increased from 10% to 50% for the central and western regions and 40% for the eastern region. Other insurance policies shall be implemented in accordance with the relevant provisions of the "Notice of the Ministry of Finance on Further Increasing Support and Doing a Good Job in Agricultural Insurance Premium Subsidies" (Cai Jin [2012] No. 2) and other relevant provisions. All provincial (regional, municipal) finance departments (bureaus) are requested to, in light of the above policies and local realities, promptly study and report the 2013 agricultural insurance work plan, the 2012 agricultural insurance work summary, and relevant data statistics tables (including local specialty insurance types) in accordance with relevant provisions.
II. Earnestly implement the provisions of the "Regulations on Agricultural Insurance"
The "Regulations on Agricultural Insurance", which came into effect on March 1, 2013, are of great significance to the sustained and healthy development of our country's agricultural insurance undertaking. According to the provisions of the "Regulations on Agricultural Insurance", the Ministry of Finance will further improve the management measures for central financial agricultural insurance premium subsidies and improve the agricultural insurance catastrophe risk reserve system. To do a good job in related work, all provincial (regional, municipal) finance departments (bureaus) are requested, while earnestly implementing the "Regulations on Agricultural Insurance", to assist in providing the following materials before March 10, 2013: First, information on the agricultural insurance catastrophe risk diversification mechanism, including main practices and policies, provisions on the accrual, management, use, fund application, and accounting treatment of catastrophe risk reserves, data on premiums, claims, underwriting profits, comprehensive cost ratios, and the accrual, use, and balance of catastrophe risk reserves for planting, breeding, and forestry insurance of various insurance institutions from 2007-2012, and suggestions on the agricultural insurance catastrophe risk reserve system, etc. Second, policy suggestions for further improving the agricultural insurance premium subsidy system.
III. Further expand the pilot performance evaluation of agricultural insurance premium subsidies
According to relevant provisions, in order to strengthen the management of premium subsidy funds and improve the efficiency of the use of fiscal funds, starting from 2013, 10 provinces (regions) including Shanxi, Inner Mongolia, Heilongjiang, Jiangsu, Zhejiang, Anhui, Hubei, Hunan, Hainan, and Sichuan will be selected to carry out pilot performance evaluation work for agricultural insurance premium subsidies, and other provinces (regions, municipalities) are encouraged to explore pilots in light of local realities. The pilot provinces (regions) are requested to, in accordance with the "Interim Measures for the Management of Fiscal Expenditure Performance Evaluation" (Cai Yu [2011] No. 285), Cai Jin [2012] No. 2, and other relevant provisions, in light of the actual work of agricultural insurance, gradually establish and improve the performance evaluation system, explore organically combining it with improving agricultural insurance policies and selecting insurance handling institutions, etc., and before March 31, 2013, study and formulate a performance evaluation work plan to report to our Ministry, and promptly organize its implementation.
All provincial (regional, municipal) finance departments (bureaus) are requested, in accordance with the principle of “government guidance, market operation, voluntary participation, and coordinated advancement”, to further increase guidance and support, strengthen supervision and management, coordinate the work on agricultural insurance, and continue to promote the sustained and healthy development of agricultural insurance.
Ministry of Finance
February 19, 2013