OREANDA-NEWS. April 10, 2008. ROSNO’s Yaroslavl branch has concluded a title insurance contract covering 609 ha agricultural land plot owned by CJSC Agrofirma Dybkovo. The contractual insurance amount is 10 mln. roubles, reported the press-centre of ROSNO.

Insured beneficiary under the concluded contract is Rosselkhozbank, actively developing land mortgage operations and having granted the agrofirm a loan for development of agricultural production on the plot.

The contract covers the risk of the borrower losing the insured land plot due to termination of ownership title thereto by virtue of a legally consummated court resolution. In such case, ROSNO undertakes to pay Rosselkhozbank an insurance compensation equal to the loan principal multiplied by the annual percentage rate.