AS MENTIONED, THE MAIN REASON FOR THE ASSOCIATION TO PROPOSE THE I...

35. As mentioned, the main reason for the Association to propose the insurance structure is the noted uninsurability

of flood risk. This risk would be made insurable if the insurance construction of the Association was introduced, in

particular the fact that it is mandatory would make the risk insurable. In relation to this view, the Association put

forward reasons for this alleged uninsurability.