Three national departments jointly issue document to support high-quality development of manufacturing industry
Three departments jointly issue document to support high-quality development of manufacturing industry
Promote the pilot of insurance compensation mechanism for the first major technical equipment (set)
The Ministry of Finance, the Ministry of Industry and Information Technology, and the China Banking and Insurance Regulatory Commission recently jointly issued a notice to further promote the pilot work of the first (set) major technical equipment insurance compensation mechanism, in order to better meet the innovative development needs of major technical equipment under the new situation and help the high-quality development of the manufacturing industry.
The notice clearly states that the first (set) of major technical equipment refers to the first (set) or batch of equipment, systems, and core components that have undergone innovation, have significant breakthroughs in variety, specifications, or technical parameters, have intellectual property rights, but have not yet achieved market performance. The coverage of some key components and small key equipment has been expanded to include equipment products of the same variety and technical specifications purchased and used by users within the first year (i.e. from the date of initial purchase to December 31 of the same year).
The first (set) major technical equipment insurance refers to a comprehensive insurance product that is insured by equipment manufacturing enterprises listed in the "Guidelines for the Promotion and Application of the First (Set) Major Technical Equipment", benefiting both the user and the manufacturer, and covering the quality and liability risks of the first (set) major technical equipment. The insurance liability limit for key components in the first year should not be less than twice the equipment value, and the insurance liability limit for the first set of equipment, the first batch of equipment, and small key equipment in the first year should not be less than the equipment value.
Notification requirements: Insurance companies that meet the requirements should uniformly use comprehensive insurance demonstration clauses. For major technical equipment with huge unit prices such as civil aviation equipment, high-tech ships and marine engineering equipment, nuclear power equipment, etc., after independent negotiation between the insured enterprise and the insurance company, they can choose to insure according to internationally recognized insurance product terms. Insurance companies participating in the pilot program should file relevant insurance product terms and rates with the China Banking and Insurance Regulatory Commission.
The first major technical equipment insurance compensation mechanism fully utilizes the decisive role of market mechanisms, and the central government provides appropriate insurance compensation to eligible insured enterprises. The central government will provide insurance compensation to eligible insured enterprises based on the actual insurance premium rate not exceeding 3% and 80% of the actual annual insurance premium. The insurance period should be continuous and uninterrupted, and the insurance compensation period should be calculated based on the actual insurance period, not exceeding 3 years.
The notice specifies that comprehensive performance management will be implemented for the pilot work of the insurance compensation mechanism for the first major technical equipment. Encourage localities with conditions to formulate insurance and compensation policies for their first major technical equipment according to local conditions, and ensure smooth integration with national policies.
Information source: Chinese government website
Edited by He Yang
