Study Of Legal System Of Fishery Breeding Insurance In Our Country

Fishery breeding insurance has an insurance object, which is all of the livingbeings in the Fishery farms. Insurance institution would pay some economiccompensation for fishery practitioners, once they suffered from natural disasters,accidents, fish diseases and market risks etc. Fishery breeding insurance also hassome remarkable features, such as the particular insurance object, the cyclical insuretime, the complex insurance liability, the incident moral hazard and so on. The kindsof fishery breeding insurance can be divided into the freshwater fish insurance andmarine aquaculture insurance, and the primary function of it is to escort for fisherybreeding. In addition, fishery breeding insurance plays an important role both frommicro and macro aspects.The key part of the insurance system is about to confirm who is the originalinsurance operator of the fishery breeding. The original insurance business model offishery breeding should be in mutual insurance company as the core, with commercialinsurance company for added business model in this country. The fishery breedingoriginal insurance, which is be realized by the means of signing and the performingthe contract between policy-holder and underwriter. Due to the fishery breedingoriginal insurance has particularity itself, the conclusion and performance of thefishery breeding original insurance contract, except for the general principles beyond,still should contain some special requirements of it. Moreover, the role of reinsuranceis very important in order to disperse the risk of fishery breeding original underwriter.In consideration of foreign advanced theory and practice, China can pass legislationto establish a set of fishery breeding reinsurance organization system, with thepolicy-based agriculture reinsurance companies primarily and added other reinsurancecompanies.At the same time, fishery breeding insurance’s development is inseparable fromthe support of the government, the government support mainly give expression tolegal support, economic support, administrative support and so on. Also, the lawfullyand healthy operation of fishery breeding insurance needs government’s effectivesupervision. This paper argues that a more feasible method is to use the way ofagricultural risk administration supervise as well as manage breeding insurance, atpresent.