The Fujian Supervision Bureau has established a review mechanism for agricultural insurance premium subsidies that spans baseline verification, process supervision, and fund settlement.
It coordinated with the provincial finance department and insurers to map the overall agricultural insurance business in Fujian. Coverage includes crop, livestock, forest insurance and full-cost insurance for grain crops, all under central subsidies, while also identifying local specialty insurance types, insurance scale and insurer distribution. In the review, a strict distinction is made between central and provincial fiscal subsidies. The annual premium scale, central subsidy amounts and provincial matching funds are verified by category to ensure consistent data across departments. Officials were organized to study policy documents and cases, and in line with management measures and systems, they compiled working points for fund review and performance evaluation reexamination, drawing on past experience to form a process checklist. The focus is on subsidy scope, accounting rules and fund usage, with settlement statements and supporting materials examined item by item.
For process supervision, a combination of random checks and targeted coverage was used to select over 1,000 insurer files covering all insurers in the province and major types such as rice, pig and forest insurance. Through data comparison, phone verification and document review, the bureau checked the authenticity of insurance, timeliness of claims, compliance of processes and completeness of files to prevent false insurance and irregular claims. The review focused on steps like public notification, loss assessment and claim payment, identifying issues such as incomplete files, management gaps and delayed assessments, and created a detailed ledger. When irregularities were found, immediate communication was made with the provincial finance department and insurers to analyze causes and urge prompt correction, promoting the improvement of internal control mechanisms.
The fund settlement step focuses on the allocation, disbursement, use and balance of central subsidy funds. It precisely calculates the annual settlement amount, prepaid funds and accumulated balances to ensure accounts match reality. Based on baseline verification and file reviews, and taking into account corrections and supporting materials, the settlement amount and balance disposal opinions are prudently confirmed. Issues found during review are communicated with relevant units to reach a unified view, and performance evaluation scores are well-supported. Additionally, it holds local finance departments and insurers accountable, summarizes deficiencies in fund use, insurance types and business management, and proposes improvements to continuously refine the management system and operational procedures, enhancing the meticulous management of agricultural funds.