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8. The Third Party Liability Insurance for Damages Caused by Towing or a tender boat.
In response to an Order No. 717/2554 of the Harbor Department to appoint a working group, comprising
representatives from the Office of Insurance Commission, the General Insurance Association and the Harbor
Department to draft a measure, requiring the operators of towing and tender boats to have the third party and
environmental liability insurance protection, the Committee has set up a working group to conduct a study and to
draft the third party liability insurance policy for the third party, affected by the towing and tender boats. The

policy provide protection over life, physical body and property of a third person and has set the minimum and
maximum premium rate. The policy drafting is based on information taken from 1,004 towing boats and 2,728
tender boats.

9. Main Rice Crop Insurance Project 2011
The General Insurance Association has completed the drafting of the Main Rice Crop Insurance Policy
(Micro Insurance) that provides protection to losses and damages caused by flood or heavy rainstorm, draught,
windstorm or typhoon, coldness, frost, hail and fire, according to the announcement of calamity by the

Department of Catastrophe Prevention and Mitigation, the Ministry of Interior. The wording of this policy has been
approved by the Office of Insurance Commission. The coverage under this policy is divided into 2 phases, 1) the
first 60 days, starting from the growing date, the compensation amount will be 606 Baht per Rai, 2) a period,
starting from the 61 day until the last day of harvesting, the compensation amount will be 1,400 Baht per Rai. The
st
premium rate is 129.47 Baht per Rai, including VAT and duty stamp. The premium shall be collected by the Bank
for Agriculture and Agricultural Cooperatives who will also provide 10 Baht subsidy per Rai. This scheme will be
reinsured by foreign reinsures who are the experts in crop insurance and the distribution of risks shall be based
on insurance principle. Followings are the results of the scheme.
- Number of insured farmers 56,780 cases
- Total insured area 1,057,110.75 Rais
- Total amount of sum-insured 1,479,955,050.00 Baht
- Total amount of premium 136,304,041.85 Baht

(Inclusive of VAT and Duty Stamp)

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