Sec. 121. Expansion of whole farm crop insurance option for farms that grow multiple crops
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Section 522(c)(19)(A) of the Federal Crop Insurance Act ( 7 U.S.C. 1522(c)(19)(A) ) is amended by striking , with a liability limitation of $1,500,000, . Section 522(c)(19) of the Federal Crop Insurance Act ( 7 U.S.C. 1522(c)(19) ) is amended by adding at the end the following new subparagraphs: Not withstanding any other provision of this subtitle, the Corporation shall allow approved insurance providers to utilize alternate compensation structures for the administration of the plan developed under subparagraph
(A)that— compensate agents based on the actual time it takes to write and administer a policy under the plan; or another method approved by the Corporation that proportionally compensates agents for any increased time commitments required by the plan. The Corporation shall seek to ensure that the paperwork requirements of agents and producers associated with the plan developed under subparagraph
(A)are minimized to the maximum extent possible, while still meeting actuarial soundness standards. To the maximum extent possible, the Corporation shall ensure that all producers, including rapidly expanding operations, are able to obtain coverage under the plan developed under subparagraph (A). .
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Sec. 121
Expansion of whole farm crop insurance option for farms that grow multiple crops
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