Project establishes faster compensation, integration with rural credit and new rules for insurance subsidies
The Chamber of Deputies symbolically approved this Wednesday (May 27, 2026) Bill 2,951 of 2024, which modernizes the legal frameworks for rural insurance. The parties Psol, Rede, Missão and Novo voted against the proposal. The text goes to the Senate for analysis. Read the project at (PDF – 189 kB).
The project authored by the senator (PP-MS) changes the rules of agricultural policy, the PSR (Rural Insurance Premium Subsidy Program) and the Supplementary Coverage Fund for Rural Insurance Risks.
The objective of the text is to expand coverage and provide more predictability to the sector in the 2026/2027 Harvest Plan, which is expected to be launched in the coming weeks.
The project redefines agricultural activity to include not only production, but also the processing and marketing of products, derivatives, services and inputs linked to the agricultural, fishing and forestry sectors.
The proposal expands the possibilities for rural insurance coverage, establishing protection against losses caused by natural phenomena, pests, diseases and other events that affect production. It also includes damage to fixed, semi-fixed and moving assets used in the activity, such as warehouses, machines and animals.
Furthermore, the project establishes mandatory deadlines for analysis and payment of compensation. Insurers will have up to 15 dias to regulate claims that do not depend on in-person inspection and even 30 dias to make payment after delivery of the necessary documentation or technical inspection.
Rural insurance as financing guarantee
Another axis of the proposal integrates rural insurance with credit operations. The policy may be used as a guarantee for agricultural financing, including the fiduciary assignment of compensation rights to financial institutions.
The text also creates incentives for producers who adhere to rural insurance. Among the expected benefits are favorable interest rates, priority in access to advantages in debt renegotiation and the possibility of financing the insurance premium.
The proposal makes the budget forecast mandatory for the economic subsidy for rural insurance premiums. According to the rapporteur, the measure seeks to reduce regulatory insecurity and increase the predictability of public policy.
To access the subsidy, rural producers must provide data on their agricultural activities. The opinion states that the measure will help in pricing risk, developing new products and expanding the sector’s information base.
Fund may operate in the financial market
The project reformulates the Supplementary Coverage Fund for Rural Insurance Risks, expanding its sources of resources and allowing the participation of insurers, reinsurers, cooperatives and companies in the agribusiness chain. The fund may also operate financial risk transfer instruments, such as reinsurance and LRS (Insurance Risk Letters).
The opinion highlights the low coverage of rural insurance in Brazil: in 2025, the federal subsidy program reached approximately 3.2 million of hectares, or equivalent to approximately 2,6% of temporary and permanent crops in the country.
