Sec. 11113. Whole farm revenue agent incentives
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Section 508(k)(4) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(k)(4) ) is amended by adding at the end the following: Beginning with the 2019 reinsurance year, in the case of an agent that sells a Whole Farm Revenue Policy, or a successor policy, the Corporation shall provide to the approved insurance provider, to pay to the agent, an additional reimbursement, determined in accordance with the following: If the compensation of the agent authorized under the Standard Reinsurance Agreement for the policy is less than $1,000, the reimbursement shall be an amount equal to the difference between— $1,000; and the amount authorized under the Standard Reinsurance Agreement for the policy.
If the producer, or any entity in which the producer had an insurable interest, has never previously obtained coverage under a Whole Farm Revenue Policy, or a successor policy, in addition to any amount authorized under subclause (I), the reimbursement shall be $300 for each Whole Farm Revenue Policy, or successor policy. Any additional reimbursement authorized under clause
(i)shall not be included for the purpose of establishing the limitation on the compensation for agents under the Standard Reinsurance Agreement. .
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Sec. 11113
Whole farm revenue agent incentives
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