Petrochemical companies may be forced to take environmental liability insurance in the future

[China Epoxy Network (China Epoxy Industry Online)Year, Month and Day News:
(This station reporter)

6px ; margin: 0px; padding: 0px; text-align: justify; color: rgb(62, 62, 62); text-transform: none; text-indent: 2em; letter-spacing: normal; clear: both; word-spacing: 0px; white-space: normal; -ms-word-wrap: break-word ; min-height: 1em; max-width: 100%; box-sizing: border-box ; widows: 1; background-color: rgb(255, 255, 255); -webkit-text-stroke-width: 0px;">On the afternoon of June 9, the Ministry of Environmental Protection and the China Insurance Regulatory Commission solicited opinions from the whole society on the "Administrative Measures for Environmental Pollution Compulsory Liability Insurance (Draft for Solicitation of Comments).

" The Ministry of Environmental Protection and the China Insurance Regulatory Commission put forward opinions and suggestions.

6px ; margin: 0px; padding: 0px; text-align: justify; color: rgb(62, 62, 62); text-transform: none; text-indent: 2em; letter-spacing: normal; clear: both; word-spacing: 0px; white-space: normal; -ms-word-wrap: break-word ; min-height: 1em; max-width: 100%; box-sizing: border-box ; widows: 1; background-color: rgb(255, 255, 255); -webkit-text-stroke-width: 0px;">The "Administrative Measures for Environmental Pollution Compulsory Liability Insurance (Draft for Comment)" jointly formulated by the Ministry of Environmental Protection and the China Insurance Regulatory Commission stipulates that 8 types of enterprises engaged in oil and natural gas exploration; collection, storage, utilization, and disposal of hazardous waste; chemical drug raw materials manufacturing Unit), in the future, it may be necessary to insure environmental liability insurance.

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In addition, according to the "Measures (Draft for Comment)", not only 8 types of enterprises (units) must be insured for environmental liability insurance, but also for enterprises that should be insured but not insured, the environmental protection authority may order the insurance to be insured or renewed within a time limit, and deal with them.

 

6px ">For the compulsory environmental pollution liability insurance mentioned in the Measures (Draft for Solicitation of Comments), it refers to the compensation liability of enterprises, institutions or other producers and operators engaged in environmentally high-risk production and business activities due to damage caused by environmental pollution.

For the compulsory environmental pollution liability insurance mentioned in the Measures (Draft for Solicitation of Comments), it refers to the compensation liability of enterprises, institutions or other producers and operators engaged in environmentally high-risk production and business activities due to damage caused by environmental pollution.

6px ">Among the 8 types of situations, 7 types of enterprises involved are very clear, mainly engaged in oil and natural gas exploration, basic chemical raw material manufacturing, synthetic material manufacturing, chemical drug raw material manufacturing, mobile flaw detection and testing of high-risk radioactive sources of type III and above.

Among the 8 types of situations, 7 types of enterprises involved are very clear, mainly engaged in oil and natural gas exploration, basic chemical raw material manufacturing, synthetic material manufacturing, chemical drug raw material manufacturing, mobile flaw detection and testing of high-risk radioactive sources of type III and above.

6px ">Environmental pollution compulsory liability insurance covers four major aspects, one is the personal damage of a third party; the second is the third party's property damage; the third is ecological environmental damage, which includes the cost of restoration of the ecological environment; the fourth is emergency disposal and pollution cleaning costs.

Environmental pollution compulsory liability insurance covers four major aspects, one is the personal damage of a third party; the second is the third party's property damage; the third is ecological environmental damage, which includes the cost of restoration of the ecological environment; the fourth is emergency disposal and pollution cleaning costs.

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    In terms of terms and rates, environmental pollution compulsory liability insurance implements uniform insurance terms, basic insurance rates and adjustment coefficients, and implements floating rates based on changes in the environmental risks of the insured.

    In terms of terms and rates, environmental pollution compulsory liability insurance implements uniform insurance terms, basic insurance rates and adjustment coefficients, and implements floating rates based on changes in the environmental risks of the insured.

6px ">The "Measures (Draft for Comment)" proposed the implementation of compulsory environmental liability insurance from the national level for the first time.

The "Measures (Draft for Comment)" proposed the implementation of compulsory environmental liability insurance from the national level for the first time.

6px ">    my country's environmental liability insurance system began to be implemented on a trial basis in 2007, and it has been 10 years.

    my country's environmental liability insurance system began to be implemented on a trial basis in 2007, and it has been 10 years.

6px ">    However, environmental liability insurance has encountered twists and turns in the implementation process.
In 2015, the Ministry of Environmental Protection conducted statistics on the information submitted by 19 places, and the results showed that 5,164 companies had insured, with a total premium of about 150 million yuan and a liability limit of about 10 billion yuan.
Compared with 2013 before the implementation of the Environmental Protection Law, the number of insured companies has declined.

    However, environmental liability insurance has encountered twists and turns in the implementation process.
In 2015, the Ministry of Environmental Protection conducted statistics on the information submitted by 19 places, and the results showed that 5,164 companies had insured, with a total premium of about 150 million yuan and a liability limit of about 10 billion yuan.
Compared with 2013 before the implementation of the Environmental Protection Law, the number of insured companies has declined.
    However, environmental liability insurance has encountered twists and turns in the implementation process.
In 2015, the Ministry of Environmental Protection conducted statistics on the information submitted by 19 places, and the results showed that 5,164 companies had insured, with a total premium of about 150 million yuan and a liability limit of about 10 billion yuan.
Compared with 2013 before the implementation of the Environmental Protection Law, the number of insured companies has declined.

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6px ">    Industry insiders said that the new Environmental Protection Law promulgated in 2014 only stated that "the state encourages the purchase of environmental pollution liability insurance.
" Due to the lack of a basis for mandatory law, local environmental protection departments at all levels can only forward documents layer by layer, which cannot be transformed into an action force that can effectively resolve the deadlock in the environmental liability insurance pilot.
In addition, how to carry out the three stages of pre-insurance risk assessment, in-insurance risk monitoring, post-insurance relief, and integration, so that markets outside the government can play a supervisory role, which also requires compulsory insurance.

    Industry insiders said that the new Environmental Protection Law promulgated in 2014 only stated that "the state encourages the purchase of environmental pollution liability insurance.
" Due to the lack of a basis for mandatory law, local environmental protection departments at all levels can only forward documents layer by layer, which cannot be transformed into an action force that can effectively resolve the deadlock in the environmental liability insurance pilot.
In addition, how to carry out the three stages of pre-insurance risk assessment, in-insurance risk monitoring, post-insurance relief, and integration, so that markets outside the government can play a supervisory role, which also requires compulsory insurance.
    Industry insiders said that the new Environmental Protection Law promulgated in 2014 only stated that "the state encourages the purchase of environmental pollution liability insurance.
" Due to the lack of a basis for mandatory law, local environmental protection departments at all levels can only forward documents layer by layer, which cannot be transformed into an action force that can effectively resolve the deadlock in the environmental liability insurance pilot.
In addition, how to carry out the three stages of pre-insurance risk assessment, in-insurance risk monitoring, post-insurance relief, and integration, so that markets outside the government can play a supervisory role, which also requires compulsory insurance.

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6px ">    Yao Qinghai, president of the Insurance Institute of China, said that although environmental liability insurance directly protects the insured’s pollution liability risk, it indirectly protects the people’s property and life safety.
In other words, environmental liability insurance products are more similar to a standard.
Public goods.
Such products must be supported by laws and policies, or there must be a mature business mechanism that requires polluting companies to purchase environmental liability insurance products, rather than the company's own decision to buy or not.

    Yao Qinghai, president of the Insurance Institute of China, said that although environmental liability insurance directly protects the insured’s pollution liability risk, it indirectly protects the people’s property and life safety.
In other words, environmental liability insurance products are more similar to a standard.
Public goods.
Such products must be supported by laws and policies, or there must be a mature business mechanism that requires polluting companies to purchase environmental liability insurance products, rather than the company's own decision to buy or not.
    Yao Qinghai, president of the Insurance Institute of China, said that although environmental liability insurance directly protects the insured’s pollution liability risk, it indirectly protects the people’s property and life safety.
In other words, environmental liability insurance products are more similar to a standard.
Public goods.
Such products must be supported by laws and policies, or there must be a mature business mechanism that requires polluting companies to purchase environmental liability insurance products, rather than the company's own decision to buy or not.

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6px ">    Therefore, the compulsory environmental liability insurance is very important.
The solicitation and implementation of the "Measures" this time will greatly promote the local pilot projects and will also play a significant role in the future revision of the law.

    Therefore, the compulsory environmental liability insurance is very important.
The solicitation and implementation of the "Measures" this time will greatly promote the local pilot projects and will also play a significant role in the future revision of the law.
    Therefore, the compulsory environmental liability insurance is very important.
The solicitation and implementation of the "Measures" this time will greatly promote the local pilot projects and will also play a significant role in the future revision of the law.

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6px ">    In addition, for insurance companies, risk assessment before underwriting environmental liability insurance is more critical.
The relevant person in charge of the China Insurance Regulatory Commission stated that environmental risk assessment and investigation is an important part of compulsory liability insurance for environmental pollution, which directly affects the insurance premium rate and the environmental risk management of insured enterprises.
The "Measures" stipulate that before underwriting insurance companies, insurance companies should carry out environmental risk investigations and grasp the enterprise's environmental risk level.
During the period of underwriting, insurance companies should conduct "environmental health examinations" for insured companies, that is, to check environmental risks and give full play to the risk prevention function of the insurance system.

    In addition, for insurance companies, risk assessment before underwriting environmental liability insurance is more critical.
The relevant person in charge of the China Insurance Regulatory Commission stated that environmental risk assessment and investigation is an important part of compulsory liability insurance for environmental pollution, which directly affects the insurance premium rate and the environmental risk management of insured enterprises.
The "Measures" stipulate that before underwriting insurance companies, insurance companies should carry out environmental risk investigations and grasp the enterprise's environmental risk level.
During the period of underwriting, insurance companies should conduct "environmental health examinations" for insured companies, that is, to check environmental risks and give full play to the risk prevention function of the insurance system.
    In addition, for insurance companies, risk assessment before underwriting environmental liability insurance is more critical.
The relevant person in charge of the China Insurance Regulatory Commission stated that environmental risk assessment and investigation is an important part of compulsory liability insurance for environmental pollution, which directly affects the insurance premium rate and the environmental risk management of insured enterprises.
The "Measures" stipulate that before underwriting insurance companies, insurance companies should carry out environmental risk investigations and grasp the company's environmental risk level.
During the period of underwriting, insurance companies should conduct "environmental health examinations" for insured companies, that is, to check environmental risks and give full play to the risk prevention function of the insurance system.