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MGR-17-017

Background

The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2018 crop year. The following attachment, 2018 Expansion of Existing Spring Crops Programs, lists the expansion by crop, state, and county for permanently-established (non-pilot) programs.

Action

Approved Insurance Providers should advise agents and in turn producers of the expanded county crop programs for the 2018 crop year to allow producers the opportunity to purchase crop insurance.

IS-12-006

The Risk Management Agency has identified situations where plant prices listed on sales receipts are substantially lower than plant prices listed in the policyholder’s nursery
catalog or price list. According to section 6(e)(1) of the Nursery Crop Insurance Provisions, the insurable price for each plant is the lower of the Plant Price Schedule
price or the lowest wholesale price in the policyholder’s nursery catalog or price list submitted in accordance with section 6(k).

6. PIVR

IS-11-006

Section III(a)(4)(E) of the Standard Reinsurance Agreement (SRA) states:

If FCIC discovers that the Company, its MGA, or affiliate has paid compensation in excess of the amounts allowed in subparagraphs (B) or (C), the Company will be subject to any sanction described in this Agreement or applicable regulations. Any scheme or device to circumvent the limitations in subparagraphs (B) or (C) will be considered a violation of this Agreement.

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Actuarial 17-040

As of December 07, 2017 the following information is now available on the FTP site:

  • 2017 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
  • 2018 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

IS-17-002

Watts and Associates, Inc. (Watts), the developers of the Pulse Crop Revenue plan of insurance, advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to maintain the Pulse Crop Revenue plan of insurance and charge a user fee to approved insurance providers (AIP) selling the plan. Section 522(b)(4)(C) of the Federal Crop Insurance Act (Act) allows submitters to maintain approved 508(h) products and charge a user fee to approved insurance providers (AIP) that elect to sell the policy.

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Actuarial 17-039

As of December 01, 2017 the following information is now available on the FTP site:

  • 2017 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

  • 2017 Actuarial Data Master are in the References/Actuarial_Data_Master/2017 directory.

Additional notes and details regarding this data release:

2017 ADM Price updated for the harvest price announcement, PM-17-067, 11/30 filing.

Actuarial 17-038

As of November 30, 2017 the following information is now available on the FTP site:

  • 2018 Actuarial Data Master for the 6/30, 11/30, 12/31 Filing Date, YTD, and Daily Files.
  • 2018 Special Provisions for the 11/30, 12/31 Filing Date.

Users can find this information in the following directories:

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