The Standard Reinsurance Agreement sets out the basic legal framework between the
Federal Crop Insurance Corporation (FCIC) and private insurers which sell and service Federal crop
insurance. The agreement covers the specifics of risk sharing, expense reimbursement, premium
retention, and other operational requirements. Reinsurance is provided through proportional
cessions and non-proportional stop-loss for each reinsurance fund. Expense reimbursement is
paid on the full premium which includes premium collected from the policyholder and
subsidy provided by the Federal government.
Manual 14 Handbook
(M-14) outlines expectations for training and quality assurance. Manual 14 provides
minimum training requirements for crop insurance agents and loss adjusters and for
conduct of quality assurance programs. Manual 14 is referenced in the agreement as an
For more information, contact the Reinsurance Services Division at 202-720-4232.