China pacific property insurance co. Ltd. Commercial garlic price index insurance for zhengzhou city, henan province 1/4 china pacific property insurance co. Ltd. Any agreement concerning this insurance contract shall be in writing. Article ii. Agricultural subjects such as local farmers engaged in garlic production, operations, family farms, farmers ' professional cooperative organizations, collective economic organizations, agricultural enterprises, acquisition enterprises, traders, etc. May be insured and insured under this insurance contract. Article 3 of the insurance standard. Garlic may be the subject of insurance under this insurance contract (hereinafter referred to as “insurance garlic”) if: (i) the eligible varieties have been validated by the government department and conform to the standards and technical management requirements prevailing locally; (ii) the qualified varieties have been validated by the government department and have been grown locally for more than one year; (ii) the uncharted and flood areas above the local flood level have been cultivated at the place of cultivation; and (iii) the growth management is normal. Article 4. If during the insurance period the actual price of the garlic insurance is less than the agreed target price, the insurance accident shall be considered to have occurred and the insurer shall be liable under the terms of this insurance contract. The price of garlic covered by this insurance contract, unless otherwise agreed the price data are based on data published by the ministry of agriculture and rural development of china or by third-party pricing agencies approved by the parties to the insurance contract, and are based on the insurance policy. Insurance garlic price data have not been published for reasons such as holidays, using the arithmetical averages of the previous and subsequent periods of the missing period. The actual price = the statistically targeted price of the garlic price data for the insurance period and/or the amount of the garlic price data for the insurance period is determined by the insured in consultation with the insurer, by reference to the average of the insurance garlic price for the same period at the time of insurance coverage for almost two years, as specified in the insurance policy. Article 5. This insurance is liable only under article 4 of the insurance liability, except for other losses, expenses and expenses not covered by this insurance contract, for which the insurer is not liable. The amount of the insurance is determined in accordance with the following calculations and stated in the insurance policy: (i) if the owner of the insurance is the owner of the garlic production, the farmer, the family farm, etc., the amount of the insurance is determined in the following manner: the amount of the insurance per acre = the average acre production (kg/acre) x the target price ($/kg) insurance amount = the amount per acre insured ($/acre) x the area of insurance (acre) (ii) if the garlic purchaser, trader, etc. Are the subject of insurance, the amount is determined as follows:
