Reinsurance Agreements Overview
The Standard Reinsurance Agreement (SRA) and the Livestock Price Reinsurance Agreement (LPRA) are cooperative financial assistance agreements between the Federal Crop Insurance Corporation (FCIC) and an insurance company. FCIC is a government corporation within USDA authorized to carry out programs of the Federal Crop Insurance Act. The Risk Management Agency acts on behalf of FCIC to administer all Federal crop insurance programs.
The SRA and LPRA establish the terms under which FCIC provides reinsurance and subsidies on eligible crop insurance contracts sold by the insurance company. By regulation, an insurance company must be in good financial standing and in compliance with the state laws where domiciled and writing business prior to being considered for approval of an SRA or LPRA.
2019 Standard Reinsurance Agreement
2019 Livestock Price Reinsurance Agreement
For more information, contact RMA Public Affairs.