RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of August 30, 2007 No. 127

About approval of the Instruction about procedure of payments of insurance value of products of the crops which are subject to compulsory insurance with the state support of harvest of crops, the cattle and bird

According to Item 389 of the Regulations on insurance activity in the Republic of Belarus approved by the Presidential decree of the Republic of Belarus of August 25, 2006 No. 530 "About insurance activity" the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve the enclosed Instruction about procedure of payments of insurance value of products of the crops which are subject to compulsory insurance with the state support of harvest of crops, the cattle and bird.

2. This resolution becomes effective since January 1, 2008.

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of August 30, 2007 No. 127

The instruction about procedure of payments of insurance value of products of the crops which are subject to compulsory insurance with the state support of harvest of crops, the cattle and bird

1. This Instruction determines procedure of payments of insurance value by contracts of compulsory insurance with the state support of harvest of crops, the cattle and bird (further - the agreement of compulsory insurance of agricultural products) in case of crop insurance of crops.

2. Calculation of insurance value of products of the crops which are subject to compulsory insurance is made by separate divisions of the Belarusian republican unitary insurance enterprise Belgosstrakh (further - the insurer) separately on each crop which is subject to compulsory insurance as the work of the following indicators:

average productivity of crop from 1 hectare over the last 5 years preceding year of imprisonment of the agreement of compulsory insurance of agricultural products at this insurer (its separate division) or on the area in the case provided in part four of Item 3 of this Instruction;

the srednerealizatsionny prices for products of crop which developed on average on the area in the territory of which there is insurer (its separate division), in year, prior year of imprisonment of the agreement of compulsory insurance of agricultural products;

acreage of crop with which the insurer (its separate division) plans receipt of harvest.

3. Average productivity of crop at the insurer (its separate division) is calculated the insurer as weighted average on acreage in five years preceding year of imprisonment of the agreement of compulsory insurance of agricultural products based on data on the acreage and harvesting in weight after completion corresponding to data of the state statistical reporting of form 1-cx (crop production) "The report on harvesting of crops", and on crops according to which the form of the state statistical reporting 1-skh (crop production) "The report on harvesting of crops" does not provide forming of data on harvesting in weight after completion, - in originally credited weight.

At the same time years when death of crop on all acreage or death of one of types of agricultural products and also when one of types of agricultural products did not clean up took place also are taken into consideration.

If the crop was sowed by the insurer (its separate division) three or four years from five, average productivity determined for these years.

If the crop within the last 5 years was sowed by the insurer (its separate division) less than 3 years or sowed from 3 to 5 years from which less than in three years there was no death of crop on all acreage or death of one of types of crops and also when one of types of crop did not clean up, calculation of average productivity for determination of insurance value under the agreement of compulsory insurance of agricultural products is made based on data on acreage and harvesting in weight after completion of this crop (on crops on which the form of the state statistical reporting 1-skh (crop production) "The report on harvesting of crops" does not provide forming of data on harvesting in weight after completion, - in originally credited weight) in 5 years, prior to the conclusion of the agreement of compulsory insurance of agricultural products, on the area.

If within 5 years preceding the conclusion of the agreement of compulsory insurance of agricultural products, the insurer was reorganized in the way:

merges, accessions - for calculation of average productivity of crop undertake data every year prior to reorganization about acreage and harvesting in weight after completion (on crops on which the form of the state statistical reporting 1-skh (crop production) "The report on harvesting of crops" does not provide forming of data on harvesting in weight after completion, - in originally credited weight) at legal entities whose legal successor is the insurer;

separations, allocations, transformations - for calculation of average productivity of crop one years prior to reorganization undertake data on acreage and harvesting in weight after completion of the crops (on crops, on which form of the state statistical reporting 1-skh (crop production) "The report on harvesting of crops" is not provided forming of data on harvesting in weight after completion, - in originally credited weight) which are subject to compulsory insurance on the legal entity whose legal successor is the insurer.

On the crops giving several types of agricultural products, average productivity is determined by each type of agricultural products separately.

The indicator of average productivity of crop is calculated in tons from hectare and is rounded to two signs after comma.

4. In case of determination of the srednerealizatsionny prices for products of crop which developed on average on the area in the territory of which there is insurer (its separate division) in year, prior year of imprisonment of the agreement of compulsory insurance of agricultural products, the insurer uses official statistical information on such prices.

5. The acreage with which receipt of harvest is planned is determined based on the business plan of agricultural organization containing data on the planned acreage, and the scheme of the crops constituted by the insurer (its separate division), certified by the head of the insurer (its separate division).

On grain crops the acreage of these cultures on grain is taken into consideration.

If the actual acreage of crop will be other than the planned acreage accepted for sizing of insurance value of products of crop, the insurer (its separate division) within 10 working days from the date of completion of sowing of crop sends to the insurer the written notice of the actual acreage of crop. The actual acreage is determined based on the specified scheme of the crops and documents confirming the actual acreage of crop.

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