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PIA Meeting With Feds on Crop Insurance in the Works

Both new and old issues have cropped up in crop insurance again. PIA crop members and states have included this on our Hill agenda -...
March 16, 2004

Both new and old issues have cropped up in crop insurance again. PIA crop members and states have included this on our Hill agenda - and have requested a meeting with RMA to discuss these issues, as well as ask for a progress report on what the USDA's Risk Management Agency (RMA) has promised to accomplish in improvements resulting from last year's meeting. 

RMA has agreed to schedule a meeting with PIA and other groups to discuss our concerns about this program. Agency officials tell us the meeting will be scheduled in Washington, D.C. in late March, perhaps during our March 25 Federal Legislative Summit. We'll let you know when it's confirmed.

Some of the issues to be addressed are: Better understanding of the producer E&O issues and how RMA activities need to avoid unwittingly creating exposures for PIA members; better coordination and joint involvement of FCIC-RMA-NAIC-DOI, so as insuring entities are approved by the FCIC to sell federal crop insurance, it is understood and coordinated that state insurance requirements are met, to assure proper compliance of those entities with applicable state insurance law.

PIA supports encouraging additional insurance providers for crop insurance. However, they must all meet the same level of state insurance requirements to validate all are sound, authorized insurance entities.

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