Aid for aquaculture stock insurance
Article 44
1. Aid for aquaculture stock insurance fulfilling the conditions laid down in Chapter I of this Regulation shall be compatible with the internal market within the meaning of Article 107(3), point (c), TFEU and shall be exempted from the notification requirement of Article 108(3) thereof provided that: (a) the aid promotes to safeguard the income of aquaculture producers; and (b) the aid contributes to an aquaculture stock insurance covering economic losses due to at least one of the following: (i) natural disasters; (ii) adverse climatic events; (iii) sudden water quality and quantity changes for which the operator is not responsible; (iv) diseases in aquaculture, failure or destruction of production facilities for which the operator is not responsible; (v) public health crises; (vi) loss of production due to attack by protected or predatory animals; (vii) the insurance shall not require or specify the type or quantity of future production and the aid is not limited to insurance provided by a specific insurance company or group of companies. 2. The occurrence of the circumstances referred to in paragraph 1, points (b)(i), (ii) and (v), in aquaculture shall be formally recognised as such by the Member State concerned. 3. Member States may, where appropriate, establish criteria in advance on the basis of which the formal recognition referred to in paragraph 2 shall be deemed to be granted. 4. The contributions referred to in paragraph 1, point (b), shall relate to the covering the costs for up to 70 % of a premium for a contract covering up to 100 % of the potential economic loss.