Law of 2004 for the National Fund to ward off the effects of agricultural risk and support agricultural insurance.

This Law, consisting of 18 articles divided in VI Sections, aims at establishing a National Fund with the purpose of: controlling agricultural risk including drought, desert encroachment, floods, conflicts and fires; encouraging interest in agriculture and agricultural production; stabilizing and developing agricultural areas and communities; supporting and encouraging the insurance companies to work in the agricultural field; achieving stability in the sector through funding and compensations to farmers and producers in case of losses; developing agricultural sector through the use of modern technology. Competencies of the Fund are: provide the necessary resources; define principles and standards to attract resources; develop agricultural insurance umbrella and encourage insurance companies to enter the agricultural sector; promote scientific studies on effects of agricultural risks.
The Fund will be managed by a Council headed by the Minister of Agriculture and a General Secretariat holding the operational activities.
The VI Sections are entitled as follows: Preliminary Provisions (I); The Fund (II); The Council (III); The Secretariat and the General Secretary (IV); Financial Provisions (V); and General Provisions (VI).