Sec. 201. STANDARD REINSURANCE AGREEMENT
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## SEC. 201 STANDARD REINSURANCE AGREEMENT Section 508(k)(8) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)(8)) is amended— ####
(1)in subparagraph (A), in the matter preceding clause (i), by striking “ may renegotiate ” and all that follows through the end of clause
(ii)and inserting the following: > “shall renegotiate the financial terms and conditions of each Standard Reinsurance Agreement— > > > ###### “(i) > > not later than December 31, 2016; and > > > ###### “(ii) > > not less than once during each period of 5 reinsurance years thereafter.” > ; and ####
(2)by striking subparagraph
(E)and inserting the following: > > ##### “(E) Cap on overall rate of return > > Notwithstanding subparagraph (F), the Board shall ensure that the Standard Reinsurance Agreement renegotiated under subparagraph (A)(i) establishes a target rate of return for the approved insurance providers, taken as a whole, that does not exceed 8.9 percent of retained premium for each of the 2017 through 2026 reinsurance years.” > . # TITLE III COMMERCE
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Sec. 201
STANDARD REINSURANCE AGREEMENT
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