Rural insurance undergoes legislative modernization

The proposal that updates the legal framework for rural insurance has advanced with the approval of the substitute in the Senate's Committee on Constitution and Justice. The text improves rules, expands the scope of coverage, and authorizes a federal contribution of up to R$ 4 billion in the fund intended for climate risks, reinforcing the protection structure in the face of extreme events. Senator Tereza Cristina stated that the modernization provides predictability to the producer and strengthens food security. The committee approved two amendments incorporated by the rapporteur, Senator Jayme Campos. Amendment No. 1, by Senator Izalci Lucas, clarifies the tax exemption provided for in Decree-Law 73/1966, now covering all federal taxes on rural insurance. Amendment No. 2, by Senator Zequinha Marinho, prevents the contingency of the subsidy to the premium, considering that crop planning depends on guaranteed resources. The substitute redefines the term agricultural insurance to ...