Chapter I General provisions
Article 1 The “Management Measures for Subsidy Funds of Scientific and Technological Insurance in Nanning” (hereinafter referred to as the “Measures”) is formulated in accordance with the spirit of the “Opinions on Accelerating the Development of Scientific and Technological Insurance to Support Scientific and Technological Innovation by the China Insurance Regulatory Commission (CIRC) Guangxi Bureau, the Department of Science and Technology of Guangxi Zhuang Autonomous Region, the Department of Finance of Guangxi Zhuang Autonomous Region, the Financial Affairs Office of Guangxi Zhuang Autonomous Region, the People’s Bank of China Nanning Central Sub-Branch and the China Banking Regulatory Commission (CBRC) Guangxi Bureau” and the actual situation of Nanning to standardize the use and management of financial subsidy funds for scientific and technological insurance, effectively disperse and reduce the risks of scientific and technological innovation, and create a good environment for scientific and technological innovation.
Article 2 The subsidy funds for scientific and technological insurance in this “Measures” are arranged by the municipal finance budget and disbursed from the application technology research and development funds of the Nanning Science and Technology Bureau. The premium subsidies of scientific and technological insurance are controlled in the form of total annual budget. Within the validity period of application, the subsidy funds shall be arranged in order according to the dates specified in the contracts between the enterprises and the insurance institutions; the premium subsidy funds that fail to be arranged in the current year’s budget shall be arranged in the next year’s budget.
Article 3 The scientific and technological insurance insured by high-tech enterprises and small and medium-sized technological enterprises (hereinafter referred to as enterprises) within the jurisdiction of Nanning City can enjoy the support of premium subsidies for scientific and technological insurance.