Nuclear Insurance

Nuclear Insurance

Article 9 of the Legal Statute establishes the possibility of the Consorcio assuming cover for the civil liability risk derived from a nuclear accident in certain cases.

The Consorcio has the legal authorisation to assume the cover for the civil liability risk derived from a nuclear accident occurring in Spain when the group of insurance organisations does not reach the minimum limit of liability set forth in the regulation, as well as acting as a reinsurer for the amount and manner determined by the Ministry of Economy, Trade and Enterprises.