Ley 491 de 1999 | Ley 491 de 1999 — Colombia law | Esheria

Ley 491 de 1999

This provision identifies Law 491 of 1999 and states that it establishes ecological insurance, amends the Penal Code, and sets out other provisions.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 491 de 1999
Version
Undated source snapshot
Language
es
Updated
Official source
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animal health arson biosafety commercial legislation applicability compliance constitutional status contaminación ambiental criminal liability criminal offences criminal penalties criminal sanctions cumplimiento penal damage compensation damage reporting dangerous substances ecological insurance effective date environment environmental damage environmental damage certification environmental enforcement environmental insurance environmental licensing environmental offences +32 more

Statute overview

About this statute

This provision identifies Law 491 of 1999 and states that it establishes ecological insurance, amends the Penal Code, and sets out other provisions. This law creates ecological insurance to cover certain quantifiable economic losses to identified persons caused by damage to the environment or natural resources, and it also reforms the Penal Code on environmental offences. The ecological insurance policy is meant to cover quantifiable economic losses from environmental and natural-resource damage, subject to stated exclusions and reinsurance-related exceptions. El seguro ecológico es obligatorio para las actividades humanas que puedan causar daños al ambiente y requieran licencia ambiental. Private persons and public or private entities may voluntarily buy ecological insurance.

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