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Code · BILL · 115th Congress · H.R. 5629 (Introduced in House) — To amend the Federal Crop Insurance Act and Food Security Act of 1985 to enact reforms to farm subsidies and crop ins... · Sec. 301

Sec. 301. Reducing target rate of return for insurance companies

63 words·~1 min read·/bill/115/hr/5629/ih/section-301

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Section 508(k)(3) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(k)(3) ) is amended— by striking
(3)and inserting the following: Share of risk .—The The ; and by adding at the end the following: The target average rate of return for reinsured companies for the 2018 reinsurance year and each subsequent reinsurance year shall be 12 percent of retained premiums. .
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Sec. 301
Reducing target rate of return for insurance companies
U.S.C.§ 1508
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