Agricultural Insurance
Principles and Organization and Application to Developing Countries
- 1st Edition - October 22, 2013
- Imprint: Pergamon
- Author: P. K. Ray
- Language: English
- eBook ISBN:9 7 8 - 1 - 4 8 3 1 - 9 0 5 7 - 0
Agricultural Insurance: Principles and Organization and Application to Developing Countries states that agriculture is subject to special elements of uncertainty. The risk inherent… Read more
Purchase options
Institutional subscription on ScienceDirect
Request a sales quoteAgricultural Insurance: Principles and Organization and Application to Developing Countries states that agriculture is subject to special elements of uncertainty. The risk inherent in agriculture has been exhaustively discussed in the text. Risks in agriculture can be characterized as property risk and personal risk. Natural risk such as storms, plant diseases, and insect pests is another topic covered in the book. A type of risk that is identified as drought, inundation, frost and freeze, hail, and tornado is called meteorological risk. The book also discusses another form of risk, which is named social risk. Occurrence such as fire, theft or burglary, embezzlement, and technological change belongs to this type of risk. A chapter of the book is devoted to the ways on how to remedy the risks enumerated. Another section of the book defines the term insurance. This section introduces such topic as probability, uncertainty, and the law of large numbers. The book notes that in order for agricultural risk to be insurable, it must satisfy some parameters. The text will provide valuable insight for farmers, financial planners, statisticians, students, and researchers in the field of risk management.
Preface
Foreword
List of Illustrations
List of Abbreviations Used
Part I. Agricultural Risks and Their Insurability
Chapter I. Risks in Agriculture
Risks to Agricultural Property
Personal Risks in Agriculture
Graphic Presentation of Agricultural Risks
Chapter II. Different Ways of Meeting Agricultural Risks
Avoidance
Prevention
Assumption
Chapter III. Insurability of Agricultural Risks
Nature and Function of Insurance
Factors Determining Insurability of Risks
Insurability of Agricultural Risks
Part II. Crop Insurance
Chapter IV. Object and Types of Crop Insurance
Object of Crop Insurance
Types of Crop Insurance
Chapter V. Specific Hazard Crop Insurance—Against Hail
Nature of Contract
Eligibility (of Land) for and Condition of Coverage
Amount of Cover
Methods of Rating
Examples of Premium Rates
Discounts and Rebates of Premium
Assessment and Payment of Premiums
Term of Contract
Other Conditions
Procedure in Case of Loss
Method of Loss Determination
Minimum Loss Clause and Loss Deductible Clause
Management and Reserve
Reinsurance
Chapter VI. Combined-Risk Crop Insurance
Weather-Perils Crop Insurance in the United States
Chapter VII. All-Risk Crop Insurance
Nature of All-Risk Crop Insurance
All-Risk Crop Insurance in the United States
A Brief Note on Systems of Crop Insurance in Canada, Japan and Ceylon
Part III. Livestock Insurance
Chapter VIII. Importance and Forms of Livestock Insurance
Importance of Livestock Insurance
Position of Livestock Insurance
Forms of Livestock Insurance
Chapter IX. Insurance of Livestock—General
Nature of Cover
Selection of Risks
Classification of Risks
Basis of Valuation and Amount of Cover and Indemnity
Rating Methods
Examples of Premium Rates
Term and Conditions of Contract
Inspection of Insured Animals
Procedure in Case of Accident or Illness
Transfer of Policies and Substitution of Animals
Forfeiture of Policy
Arbitration
Reinsurance
Chapter X. Insurance of Livestock against Specific Risks
Insurance of Foaling Risks
Castration Insurance
Insurance against Anthrax
Insurance against Consequential Loss Due to Foot-and-Mouth Disease
Insurance against Transit and Show Risks
Chapter XI. Insurance of Slaughter Stock
Part IV. Farm Property and Farm Engineering Insurance
Chapter XII. Farm Fire Insurance
Introduction
Farm Fire Insurance in the United Kingdom
Mutual Farm Fire Insurance in the United States
Chapter XIII. Agricultural Vehicles and Engineering Insurance
Insurance of Agricultural and Forestry Vehicles
Agricultural Engineering Insurance
Part V. Personal and Liability Insurance for Farmers
Chapter XIV. Personal Accident and Sickness Insurance for Farm People
Development and Object
Great Britain
United States
Chapter XV. Farmers' Liability Insurance
Nature of Farmer-Employers' Liabilities
Employers' Liability Insurance
Personal and Public Liability Insurance for Farmers
Part VI. Agricultural Insurance Organization
Chapter XVI. Private Insurance Organizations
Principal Types of Insurance Organization
Joint-Stock Insurance Companies
Mutual and Co-Operative Insurance Societies
Chapter XVII. Public Insurance
Forms of Public Insurance
Advantages and Disadvantages of Public Insurance
Part VII. Some Basic Considerations
Chapter XVIII. Actuarial Consideration of Agricultural Risks
Specialized Agricultural Risks
Non-Specialized Agricultural Risks
Chapter XIX. Reinsurance
Definition and Benefit
Reinsurance Methods
Reinsurance Organizations
Problems and Possibilities of International Reinsurance of National Crop Insurance Systems
Some Suggestions as to Reinsurance of National Crop Insurance
Conclusion
Chapter XX. Agricultural Insurance in Newly Developing Countries
Crop Insurance
Livestock Insurance
Prospects and Possibilities
Appendix I. Supplement to the Text
Summary of Loss-Adjustment Process of the Alberta Hail Insurance Board, Canada
Appendix II. Supplementary Tables
Appendix III. Samples of Select Forms
(a) CHIAA Standard Crop-Hail Application
(b) CHIAA Standard Crop-Hail Policy
(c) Application for Weather-Perils Crop Insurance (CHIAA)
(d) U.S. FCIC County Summary of Coverages and Premium Rates by Areas, 19—
(e) U.S. FCIC County Actuarial Table—Wheat—1963 and Succeeding Crop Years
(f) U.S. FCIC County Actuarial Table—Tobacco—19— and succeeding Crop Years
(g) U.S. FCIC Crop Insurance Acreage Report
(h) U.S. FCIC Application
(i) U.S. FCIC Application Supplement (Sharecropper and Share Tenant Interest)
(j) U.S. FCIC Adjuster's Worksheet for Grain
(k) U.S. FCIC Claim for Indemnity
(l) Ceylon Crop Insurance Policy
(m) (i) Fire Policy of the National Farmers Union Mutual Insurance Society, England and Wales (Buildings Insurance with Storm and Tempest Extension)
(ii) Fire Policy of the National Farmers Union Mutual Insurance Society, England and Wales (Farming Stock)
(n) Alabama Farm Bureau Mutual Insurance Service Inc. Standard Fire and Lightning Policy with Windstorm Endorsement and Seven-Point Extended Coverage
(o) Texas Standard Policy, Fire and Lightning, and Farm and Ranch Form (The State Board of Insurance)
Comprehensive Bibliography
Index
- Edition: 1
- Published: October 22, 2013
- Imprint: Pergamon
- Language: English
- eBook ISBN: 9781483190570
PR
P. K. Ray
Affiliations and expertise
Food and Agricultural Organization of the United Nations, Rome, ItalyRead Agricultural Insurance on ScienceDirect