TIRANA, December 8 /ATA/- Minister of Finance Petrit Malaj stated today that the government is expected to approve the draft law “On Compulsory Earthquake Insurance of Housing” within the current month.
Malaj said during an interview for the ‘Vizon Plus’ television that the draft law was prepared in cooperation with the World Bank and based on international best practices.
He added that there has already been held public consultations with interest groups for this legal initiative.
“It is a very good draft law that insures all citizens’ homes against earthquakes. The earthquake insurance fund will be managed by the state. There will be a state company that will manage this fund and will also guarantee the payment of premiums in event of natural disasters,” the minister said.
Asked whether there will be a unified tariff for those who are or are not at risk from earthquakes, the head of Finance indicated that the price has not yet been determined, but it will be easily affordable by Albanian families. /a.g/p.s./
