PIA supports the vital role that independent agents play in the administration and delivery of the Federal Crop Insurance Program (FCIP).
Congress first authorized a crop insurance program in the 1930s along with other initiatives to help agriculture recover from the effects of the Great Depression and the Dust Bowl. The Federal Crop Insurance Act of 1980 expanded the crop insurance program to many more crops and regions of the country. Today, the FCIP is a highly technical program that relies on independent insurance agents. Since Congress called on independent agents to deliver the program following the 1980 Act, the FCIP has thrived. The FCIP provides much needed insurance coverage to America’s farmers in a fair and equitable manner.
PIA Advocates for Independent Agents by:
- Working with members of Congress to:
- Support an FCIP that continues to utilize the expertise and professional guidance of independent agents.
- Support just compensation for independent agents, the key sales force for the FCIP.
- Oppose further funding cuts to the FCIP
- Working with the United States Department of Agriculture's Risk Management Agency (RMA), the entity that administers the FCIP to:
- Support a formal role for independent agents in negotiations over the Standard Reinsurance Agreement (SRA), an agreement covering administrative reimbursements for approved crop insurance companies.
- Support comprehensive enforcement of anti-rebating and control of business schemes.
Government Resources for Agents & Brokers: