Agricultural Insurance
Principles and Organization and Application to Developing Countries
Description
Table of Contents
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
Product details
- No. of pages: 344
- Language: English
- Copyright: © Pergamon 1967
- Published: January 1, 1967
- Imprint: Pergamon
- eBook ISBN: 9781483190570
About the Author
P. K. Ray
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Matthew Wed Nov 07 2018
Benefits of agricultural insurance Agricultural insurance is an effective mechanism for reducing the losses farmers suffer due to natural calamities s
Benefits of agricultural insurance Agricultural insurance is an effective mechanism for reducing the losses farmers suffer due to natural calamities such as floods, droughts, and outbreaks of pests and diseases. The following are some other benefits of agricultural insurance: It enables farmers to obtain credit and financing for investment in new technologies, tools, and equipment to enhance and sustain their productive capacity. It also assists farmers in regulating cash flows and provides a financial buffer with which to rehabilitate damaged enterprises It reduces business risk. In agriculture, equipment and properties are used in the operations which due to human error can be damaged or destroyed in a split second. Agricultural insurance helps to offset these types of risks. It provides the farmers with peace of mind. Agricultural insurance removes the worries, tensions, fear and anxiety associated with farming making it possible for farmers to be more productive and creative with their farming business It encourages saving through regular payment of premium which cannot be withdrawn easily before the expiration of the policy. It provides credit facilities. The farmer can get loans by using the insurance policy as collateral whose interest will not exceed the cash value of policy charged by the insurer. It accelerates the economic growth of a country by accumulating capital from the insured and using it for investments in services and infrastructure necessary to grow the economy. It also helps to reduce inflation caused by oversupply of money by collecting excess money in circulation in the form of premiums It also provides job security for employees because it can save their employers from going out of business which will lead to employees or workers losing their jobs.