Law on seeds and crops insurance.

The scope of this Law shall be to regulate the relations arising between insurance company and citizens, business entities and organizations connected with the insurance of seeds and crops in the territory of Mongolia. Crops shall be intended cereals used for seed production purpose. Cereals shall be intended sown either on irrigated or non-irrigated soil wheat, barley, rye, millet, and corn and leguminous plants. Irrespectively of the form of ownership of agricultural business entity, the total area of 20% of irrigated cereals and 10% of non-irrigated cereals in the western region shall be subject to mandatory insurance against the following risks: (a) drought, flood, strong wind, storm, hail, frost, snow and extreme cold; (b) infectious plant diseases; (c) small insects and rodents; and (d) fires. Insurance of seeds and crops shall be regulated by contracts. This Law consists of III Chapters divided into 10 Articles. Chapter I lays down general provisions. Chapter II regards insurance of seed and crops insurance. Chapter contains miscellaneous provisions.