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What does social security transfer mean?
Legal basis: Article 66 of People's Republic of China (PRC) Rural Revitalization Promotion Law. The state establishes and improves a multi-level agricultural insurance system, improves the policy agricultural insurance system, encourages commercial insurance companies to carry out agricultural insurance business, and supports farmers and agricultural business entities to carry out mutual assistance and cooperation insurance according to law. The people's governments at or above the county level shall take measures such as premium subsidies to support insurance institutions to appropriately increase the types of insurance, expand the coverage of agricultural insurance, and promote the development of agricultural insurance.
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