MGR-26-003: Guidance for Crop and Livestock Income Protection (CLIP) Cancellation and Interaction with Hurricane Insurance Protection - Wind Index (HIP-WI) for RY 2026
BACKGROUND:
Per section 6(b) and 6(c)(2) of the CLIP Policy Provisions, the CLIP policy will be canceled retroactively to the earliest cancellation date for the underlying Revenue Protection (RP) crop policies when an insured fails to meet the requirement to have at least two underlying RP crop policies with each RP crop policy having at least 10 percent of total RP crop liability.