What does Federally Reinsured Crop mean? Read on to discover the definition & meaning of the term Federally Reinsured Crop - to help you better understand the language used in insurance policies.
Federally Reinsured Crop
crop insurance coverage that is either wholly or in part reinsured by the Federal Crop Insurance Corporation (FCIC) under the Standard Reinsurance Agreement (SRA). This includes the following products: Multiple Peril Crop Insurance (MPCI); Catastrophic Insurance, Crop Revenue Coverage (CRC); Income Protection and Revenue Assurance.
We hope the you have a better understanding of the meaning of Federally Reinsured Crop.