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COM-20-008: Conflict of Interest Reviews

Background

Appendix IV, section III(b)(3)(A) of the Standard Reinsurance Agreement (SRA) and the Livestock Price Reinsurance Agreement (LPRA) requires Approved Insurance Providers (AIPs) to conduct Conflict of Interest (COI) reviews. In accordance with the Guidance for Updating the SRA Appendix IV Review Matrix, AIPs are to conduct COI reviews on ECICs provided by FCIC on the COI report in AIP HyDRA. Livestock price insurance contracts will be included in the Fall 2020 COI list, but will be removed from the Spring 2021 COI list.

Actuarial Release 20-058

As of December 01, 2020 the following information is now available on the FTP site:

  • 2020 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

  • 2020 Actuarial Data Master are in the References/Actuarial_Data_Master/2020 directory.

Additional notes and details regarding this data release:

PM-20-089: 2020 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement

Common Crop Insurance Policy & Area Risk Protection Insurance 1,2

The 2020 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, practices, sales closing dates and states indicated in the following table.

PM-20-087: Hemp Actual Production History (APH) Insurance Program Changes Effective for the 2021 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation Board of Directors approved modifications to the Hemp APH Insurance Program, under section 508(h) of the Federal Crop Insurance Act, on August 20, 2020.

The following changes are applicable for the 2021 and succeeding crop years:

PM-20-086: Area Risk Protection Insurance Basic Provisions, Common Crop Insurance Policy Basic Provisions, Sunflower Seed Crop Provisions, and Dry Pea Crop Provisions Changes Effective for the 2021 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation (FCIC) revised the Area Risk Protection Insurance (ARPI) Basic Provisions, Common Crop Insurance Policy (CCIP) Basic Provisions, Sunflower Seed Crop Provisions, and Dry Pea Crop Provisions for the 2021 and succeeding crop years for crops with a contract change date on or after November 30, 2020, and for all other crops, the changes are applicable for the 2022 and succeeding crop years. The changes include:

ARPI Basic Provisions:

Actuarial Release 20-056

As of November 27, 2020 the following information is now available on the FTP site:

  • 2021 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
  • 2021 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories:

  • 2021 Actuarial Data Master are in the References/Actuarial_Data_Master/
  • 2021 directory.2021 Special Provisions are in the Special_Provisions/2021 directory.

Additional notes and details regarding this data release:

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