Federal Crop Insurance Corporation (FCIC)
FCIC Meeting Archive | Private Sector Developed Plans of Insurance | Program Budget and Financial Highlights
November 20-21, 2013 FCIC Board meeting
Managers Report | Rice ARP | Concept Proposal 129 | Concept Proposal 131 | Confidential Submission 42 | Confidential Submission 44 | Confidential Submission 45 | Quarantine Endorsement | Reimbursement Correction | Expanded Expert Review
The Federal Crop Insurance Corporation (FCIC) promotes the economic stability of agriculture through a sound system of crop insurance and providing the means for the research and experience helpful in devising and establishing such insurance. Management is vested in a Board of Directors, subject to the general supervision of the Secretary of Agriculture.
Federal Crop Insurance Corporation Board of Directors
The Federal Crop Insurance Act (Act) (7 U.S.C. § 1505 Management of Corporation), established the composition of the Board of Directors to manage the Federal Crop Insurance Corporation (FCIC) subject to the general supervision of the Secretary of Agriculture.
delegates to the manager of the FCIC (RMA Administrator) certain authorities and powers.
The Board approves any new policy, plan of insurance or major modification to an existing plan or other materials
under procedures established by the Board.
The Code of Federal Regulations (CFR), Title 7-Agriculture, Subtitle
B-Regulations of the Department of Agriculture, Chapter IV- Federal Crop Insurance Corporation that refer to the
general administrative regulations of the FCIC are codified in 7 CFR 400. Regulations that pertain to private
sector plans of insurance submissions are published in Subpart V, 7 CFR 400.700-722.
The board consists of:
The corporation takes actions necessary to improve the actuarial soundness of Federal
multiperil crop insurance coverage, and apply the system to all insured producers in a fair and consistent manner.
Cindy Spoor, Executive Secretary to the Board