Examples of A&O subsidy in a sentence
RMA relies on information provided by the AIP, third-party affiliates, and policyholders when making determinations relating to crop insurance, including determinations relating to the provision of reinsurance, premium subsidy and A&O subsidy on eligible crop insurance contracts.
Reimbursement for CAT Loss Adjustment Expense will be calculated in accordance with the SRA, and will be included on the Monthly/Annual Settlement Reports beginning with the same monthly settlement report that contains initial A&O subsidy payments for a specific reinsurance year (see paragraph D.1. above).
In accordance with the Board approved procedures, index- based weather plans of insurance are not eligible for federal reinsurance, but may be approved for risk subsidy and A&O subsidy.
Federal programs enacted by Congress and the regulations and policies developed by RMA, USDA and other Federal agencies with applicable regulatory control provide the: • Authority for program and administrative operations, • Origin for RMA calculation of A&O subsidy, reinsurance and risk sharing.
RMA relies on information provided by the AIP, by third-party affiliates, and by policyholders when making determinations relating to crop insurance, including determinations relating to the provision of reinsurance, premium subsidy and A&O subsidy on eligible crop insurance contracts.
The A&O subsidy applicable to the eligible crop insurance contract will be reduced whenever the identified required LSR data has not been timely and accurately provided to FCIC or such information is revised after the LSR Transaction Cutoff Date.
The AIPs must review with particular care the following general information and exhibits to ensure full compliance with the SRA Appendix II: Exhibit III.f.1-3 – Agent Compensation Template The Agent Compensation template reflects the A&O subsidy (excluding the additional A&O subsidy paid when the state loss ratio exceeds 120 percent), processing payments, agent compensation less profit sharing, and profit sharing.
If the underlying FCIC reinsured policy is sold by another AIP, the AIP that sold the NRS may be required to pay FCIC an amount equal to the reinsurance, A&O subsidy, and risk subsidy on the underlying FCIC policy.
If the approved insurance provider sells an NRS policy that RMA deter- mines materially increases or shifts risk to the underlying FCIC reinsured policy, reduces or limits the rights of the insured with respect to the under- lying policy, or causes disruption in the marketplace for products reinsured by FCIC, reinsurance, A&O subsidy and risk subsidy will be denied on the un- derlying FCIC reinsured policy for which such NRS policy was sold.
If the underlying FCIC re- insured policy is sold by another AIP, the AIP that sold the NRS may be re- quired to pay FCIC an amount equal to the reinsurance, A&O subsidy, and risk subsidy on the underlying FCIC policy.