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33. INSURANCE

12 Months Ended

Dec. 31, 2020

Disclosure of types of insurance contracts [abstract]

INSURANCE

33. INSURANCE

The Company maintains insurance policies to cover damages on certain assets, in accordance with orientation by specialists, as listed below, taking into account the nature and the degree of risk, for amounts considered sufficient to cover any significant losses related to its assets and responsibilities. The risk assumptions adopted, due to their nature, are not part of the scope of an audit of the financial statements, and consequently were not examined by the external auditors.

		Coverage		Coverage period				Amount insured (1)		Annual premium (1)
Companhia Energética de Minas Gerais
Facilities in buildings		Fire			Jan. 8, 2021 to  Jan. 8, 2022			R$8,661		R$2
Cemig Geração e Transmissão
Air transport / Aircraft		Fuselage Third party			April 29, 2020 to  April 29, 2021  April 29, 2020 to  April 29, 2021			US$1,140 US$4,000		US$24
Warehouse stores		Fire			Nov. 2, 2020 to Nov. 2, 2021			R$18,981		R$17
Buildings		Fire			Jan. 8, 2021 to  Jan. 8, 2022			R$240,527		R$70
Telecoms equipment (3)		Fire			Jan. 8, 2020 to  Jan. 8, 2021			R$2,650		R$2
Operational risk - Transformers above 15MVA and other power distribution equipment with value above R$1,000		(2)			Dec. 7, 2020 to Dec. 7, 2021			R$75,118		R$941
Cemig Distribuição
Air transport / Aircraft / Guimbal equipment		Fuselage Third party			April 29, 2020 to  April 29, 2021			US$3,370 USS14,000		US$51
Warehouse stores		Fire			Nov. 2, 2020 to  Nov. 2, 2021			R$74,575		R$68
Buildings		Fire			Jan. 8, 2021 to  Jan. 8, 2022			R$616,157		R$179
Telecoms equipment (3)		Fire			Jul. 8, 2020 to  Jul. 8, 2021			R$31,082		R$28
Operational risk – Transformers above 15MVA and other energy distribution equipment with value above R$ 1,000 (2)		Total			Dec. 7, 2020 to  Dec. 7, 2021			R$545,062		R$717
Gasmig
Gas distribution network / Third party		Third party			Dec. 15, 2020 to  Dec. 15, 2021			R$60,000		R$378
Own vehicle fleet (Operation)		Damage to third parties only			Jul. 7, 2020 to  Jul. 7, 2021			R$500		R$3
Own vehicle fleet (Directors)		Full cover			Oct. 25, 2020 to  Oct. 25, 2021			R$100		R$2
Facilities – multirisk		Robbery, theft and fire			Dec. 31, 2020 to  Dec. 31, 2021			R$32,667		R$39

(1) Amounts expressed in R$ ‘000 or US$’000.

(2) Maximum indemnity limit: R$231 

(3) Contracting of a new policy is in progress.

The Company, except for its aircraft, does not have third party liability insurance covering accidents, and is not seeking proposals for this type of insurance. Additionally, Company has not sought proposals for, and does not have current policies for, insurance against events that could affect its facilities such as earthquakes, floods, systemic failures or business interruption. The Company has not suffered significant losses arising from the above-mentioned risks.

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- Definition

The entire disclosure for insurance contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Note Expiry date 2021-01-01
-Name IFRS
-Number 4
-IssueDate 2020-01-01
-Section Disclosure
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2020-en-b&doctype=Standard&book=b&dita_xref=IFRS04_g36-39M_TI
-URIDate 2020-01-01

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Note Effective 2021-01-01
-Name IFRS
-Number 17
-IssueDate 2020-01-01
-Section Disclosure
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRS17_g93-132_TI
-URIDate 2020-01-01

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