What Federal Crop Insurance Act (7 U.S.C. §§ 1501-1524) requires
This Act authorizes the Federal Crop Insurance Corporation (FCIC) to provide federally subsidized crop insurance to agricultural producers through approved private insurance providers (AIPs). It mandates specific risk-sharing agreements, premium subsidy levels, and compliance requirements for both producers and insurers to protect against crop losses due to natural causes, as outlined in 7 U.S.C. § 1508.
Pillar: Insurance & Risk · Authority: United States Department of Agriculture (USDA), Risk Management Agency (RMA) · Version: 1.0.0 · Last updated:
Primary source: https://uscode.house.gov/view.xhtml?path=/prelim@title7/chapter36&edition=prelim
SHA-256 integrity: 9582af68f2025639b65a6f1f49d5ce3de71beacac80d612412f0a3418c04971c
Primary Citations — 7 traced to source
- 7 U.S.C. § 1502 - Declaration of purpose
- 7 U.S.C. § 1506 - General powers of Corporation
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