Royal Decree No. 425/2016 - Regulatory basis for the granting of subsidies from the General State Administration to Agrarian Insurance
This Royal Decree establishes the regulatory basis for the granting of subsidies from the General State Administration to the subscription of Agrarian Insurance, in the form of a State contribution to the payment of the premium, whose total amount to be paid by farmers they will be granted directly to farmers.
The grants will not apply to: 1) insurance policies contracted by insured persons that are considered Public Administrations.
2) insurance policies contracted by companies, societies or associations whose main purpose, reflected in their statutes, is different from that of agricultural production.
3) insurance policies contracted by companies that do not have the status of small or medium-sized enterprises (SMEs) in accordance with the definition established in the applicable European regulations, as set out in Annex I.