Mandatory natural catastrophes insurance under way

On July 6, 2003 he Algerian government examined a preliminary draft concerning a mandatory insurance against the effects of natural disasters. The draft includes:

  • A mandatory insurance in industrial, commercial and craft facilities for any person or entity carrying on an industrial and/or commercial activity.
  • The non-payment of public compensation for people who do not subscribe to an insurance.
  • A payment of a fine for non-respect of the regulation.
  • An insurance contract to legalize real estate cessions and rent agreements.
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