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What types of environmental insurance exist in Dominican Republic

General Insurance Law No. 146 - 02 does not provide specs í cally environmental risk insurance. This, together with other factors that determin or environmental risk insurance does not have to n ú development Rep ú the Dominican Republic. However, l to General Law of Environment establishes compulsory Hiring n or a performance bond to all companies or persons responsible for the activities which are issued an environmental permit or license. The purpose of bail is simply to ensure compliance with the provisions of the environmental permit or license and ensure the execution or n management program and adecuaci n or environmental. The amount of that bond is 10% of the total costs of the works f í SICAS or investments that are required to comply with program management and n adecuaci or environmental. Also, the Act instructs the Secretariat to í State for the Environment together with the Secretariat to í of Finance issued the necessary arrangements for the establishment of a compulsory liability insurance to cover damage environment and natural resources caused by accidentally