A&O subsidy definition

A&O subsidy means the subsidy for the administrative and operating expenses paid by FCIC on behalf of the policyholder to the Company for additional coverage level eligible crop insurance contracts in accordance with section 508(k)(4) of the Act (7 U.S.C. § 1508(k)(4)).
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A&O subsidy means the subsidy for the administrative and operating expenses paid by FCIC on behalf of the policyholder to the Company for eligible livestock price insurance contracts.
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A&O subsidy means the subsidy for the administrative and operating expenses authorized by the Act and paid by FCIC on behalf of the producer to the Company. AAdministrative fee@ means the processing fee the policyholder must pay in accordance with the Act and 7 C.F.R. chapter IV. AAgency@ means the person or entity with a contract or agreement with the Company or its MGA to sell and service eligible crop insurance contracts under the Federal crop insurance program. AAgent@ means an individual licensed by the State in which the agent does business under contract with a Company, its managing general agent, or any other entity, to sell and service eligible crop insurance contracts. AAgreement@ means this Standard Reinsurance Agreement, all Appendices, all referenced documents including Manual 13 and the Approved Manual 14. AAnnual Settlement@ means the settlement of accounts between the Company and FCIC for the reinsurance year, beginning with the February monthly transaction cutoff date following the reinsurance year and continuing monthly thereafter as necessary. "Approved Manual 14" means the Guidelines and Expectations for the delivery of the Federal Crop Insurance Program (Manual 14) as it exists 30 days prior to the date on which the Plan of Operation must be submitted to FCIC with respect to such reinsurance year. ABilling date@ means the date specified in the actuarial data master file as the date by which policyholders are billed for premium due on eligible crop insurance contracts. ABoard@ means the FCIC Board of Directors. ABook of business@ means the aggregation of all eligible crop insurance contracts in force between the Company and its policyholders that have a sales closing date within the reinsurance year and are eligible to be reinsured under this Agreement. ACancellation date@ means the date by which the Company or policyholder must notify the other that coverage under an eligible crop insurance contract issued by the Company is canceled for a succeeding crop year. The day following this date is considered as the date a continuous eligible crop insurance contract carried over from the previous crop year is renewed for the subsequent crop year. ACarryover crop insurance contract@ means eligible crop insurance contract that has been in force for at least one crop year term and continues in force for another crop year term after the cancellation date. ACatastrophic risk protection (CAT)@ means an eligible crop insurance contract that is in accordance with...
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Examples of A&O subsidy in a sentence

  • General Terms (1) To receive reinsurance, A&O subsidy, CAT LAE, and risk subsidy under this Agreement, an insurance contract must qualify as an eligible crop insurance contract, except as otherwise specified in this Agreement.


More Definitions of A&O subsidy

A&O subsidy means the subsidy for the administrative and operating expenses paid by FCIC on behalf of the policyholder to the Company for additional coverage level eligible crop insurance contracts in accordance with section 508(k)(4) of the Act (7
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