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The Federal Crop Insurance Corporation Board of Directors approved changes to the Sweet Potato crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on September 20, 2019.
The following changes are applicable for the 2020 and succeeding crop years:
Crop Insurance Systems, Inc. (CIS) the developers of the Louisiana Sweet Potato (Sweet Potato) plan of insurance advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to maintain the Sweet Potato 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.
