Crop Insurance Handbook 2014 - Risk Management Agency · PDF fileFederal Crop Insurance...

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Transcript of Crop Insurance Handbook 2014 - Risk Management Agency · PDF fileFederal Crop Insurance...

  • United States

    Department of

    Agriculture

    Federal Crop

    Insurance

    Corporation

    Risk

    Management

    Agency

    Product

    Administration

    & Standards

    Division

    FCIC 18010

    (06-2013)

    2014

    CROP INSURANCE

    HANDBOOK

    Underwriting and Actual Production History Standards for

    FCIC Programs Administered under the Common Crop

    Insurance Policy Basic Provisions and APH Administrative

    Regulations for 2014 and Succeeding Crop Years.

  • United States Department of Agriculture

    Risk Management Agency

    Washington, D.C. 20250

    June 2013 FCIC 18010 TP-1

    TITLE: 2014 Crop Insurance Handbook NUMBER: FCIC 18010

    EFFECTIVE DATE: 2014 and

    Succeeding Crop Years ISSUE DATE: 6/21/13

    SUBJECT:

    Underwriting and Actual Production

    History standards for FCIC programs

    administered under the Common Crop

    Insurance Policy Basic Provisions and

    APH administrative regulations.

    OPI: Product Administration and Standards Division

    APPROVED:

    /s/ Tim B. Witt

    Deputy Administrator for Product Management

    REASON FOR ISSUANCE

    This handbook is being issued to provide the official FCIC approved underwriting standards for policies

    administered by AIPs under the Common Crop Insurance Policy Basic Provisions, 7 CFR Part 457 including

    the Catastrophic Risk Protection Endorsement, 7 CFR Part 402, and the Actual Production History

    Regulation 7 CFR Part 400 Subpart G for the 2014 and succeeding crop years.

  • June 2013 FCIC 18010 TP-2

  • June 2013 FCIC 18010 TC-1

    TABLE OF CONTENTS

    PART 1 GENERAL INFORMATION AND RESPONSIBILITIES

    1 General Information ............................................................................................................................ 1

    2 Responsibilities ................................................................................................................................... 3

    3 Title VI of the Civil Rights Act of 1964 ............................................................................................. 3

    4-200 (Reserved) ............................................................................................................................................ 4

    PART 2 ADMINISTRATIVE AND SERVICING REQUIREMENTS

    Section 1 General Program Requirements

    201 Insurance Availability ......................................................................................................................... 5

    202 Eligible Crops .................................................................................................................................... 5

    203 Duplicate Policies ............................................................................................................................... 8

    204 Other Insurance ................................................................................................................................... 9

    205 Insured Cause(s) of Loss ..................................................................................................................... 10

    206 USDA Program Linkage ..................................................................................................................... 10

    207 USDA Program Benefit Limitations ................................................................................................... 10

    208 Administrative Fees ............................................................................................................................ 10

    209 Third-Party Prohibition Regarding Administrative Fees .................................................................... 11

    210 Waiver of Administrative Fees ........................................................................................................... 12

    211 Deadlines............................................................................................................................................. 13

    212 Document Origination ........................................................................................................................ 13

    213-230 (Reserved) ........................................................................................................................................ 13

    Section 2 Application for Insurance

    231 General Information ............................................................................................................................ 14

    232 Sales Closing Date (SCD) ................................................................................................................... 14

    233 The Policy Term ................................................................................................................................. 14

    234 Insurance Choices ............................................................................................................................... 17

    235 Plans of Insurance ............................................................................................................................... 18

    236 Levels of Coverage ............................................................................................................................. 18

    237 Price .................................................................................................................................................... 19

    238 Premium Rates .................................................................................................................................... 21

    239 Added County Election ....................................................................................................................... 21

    240 Application Acceptance ...................................................................................................................... 23

    241 Rejected Applications ......................................................................................................................... 23

  • June 2013 FCIC 18010 TC-2

    242 Transfer of Policies to Another AIP ................................................................................................... 24

    243 Good Experience Discount ................................................................................................................. 25

    244-250 (Reserved) ........................................................................................................................................ 27

    Section 3 Policy Servicing Requirements

    251 Policy Change ..................................................................................................................................... 28

    252 Assignment of Indemnity .................................................................................................................... 28

    253 Transfer of Coverage and Right to an Indemnity ............................................................................... 30

    254 Power of Attorney ............................................................................................................................... 31

    255 Signatures ............................................................................................................................................ 32

    256-300 (Reserved) ........................................................................................................................................ 32

    PART 3 ADVERSE DECISIONS

    301 General Information ............................................................................................................................ 33

    302 Mediation ............................................................................................................................................ 36

    303 Arbitration ........................................................................................................................................... 37

    304 Judicial Review ................................................................................................................................... 39

    305 GFP Disputes ...................................................................................................................................... 40

    306-400 (Reserved) ........................................................................................................................................ 42

    PART 4 PERSONS

    Section 1 Eligibility

    401 Eligible Persons .................................................................................................................................. 43

    402 Ineligible Persons ................................................................................................................................ 44

    403-410 (Reserved) ........................................................................................................................................ 45

    Section 2 Reporting and Verification Requirements

    411 Identification Number(s) ..................................................................................................................... 46

    412 Substantial Beneficial Interest (SBI) .................................................................................................. 52

    413 Unreported or Incorrect Identification Numbers ................................................................................ 53

    414