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Code · BILL · 113th Congress · S. 954 (Placed on Calendar Senate) — To reauthorize agricultural programs through 2018. · Sec. 11003

Sec. 11003. Premium amounts for catastrophic risk protection

80 words·~1 min read·/bill/113/s/954/pcs/section-11003·

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Section 508(d)(2) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(d)(2) ) is amended by striking subparagraph
(A)and inserting the following: In the case of catastrophic risk protection, the amount of the premium established by the Corporation for each crop for which catastrophic risk protection is available shall be reduced by the percentage equal to the difference between the average loss ratio for the crop and 100 percent, plus a reasonable reserve, as determined by the Corporation. .
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Sec. 11003
Premium amounts for catastrophic risk protection
U.S.C.§ 1508
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