BESIDES ACM NOTES THAT ALTHOUGH INSURERS ARGUE THAT THERE IS A DES...

45. Besides ACM notes that although insurers argue that there is a desire from the government to affect the

proposed construction insurance, but this is in no way substantiated. After consulting the ministries concerned, it

shows that there is no support of these ministries for this insurance construction. Insurance companies have no

statutory duties or obligations to cover the flood. No objective need is shown for (in this way) covering the flood.