Terms in this set (155)
3 Direct losses fire, wind, lightning
3 may be insured under a crop-hail Land owner, sharecropper, tenant farmer
policy
Loss in Yield
The Actual Production History
(APH) Plan insures producers
against
4 years, up to 10 consecutive crop years
The actual production history
(APH) yield for MPCI is
determined from producer
production records for a minimum
of
$300
The administrative fee for CAT
protection for each crop insured in
each county is
, $30
The administrative fee for each crop
year per county for all levels of
coverage in excess of CAT
protection (a buy-up policy) is
90 days
After the date of teh test,
examination results are valid for
The person lives in a bordering state
All of the following are necessary
for a nonresident to receive a
nonresident insurance license
EXECPT
Producers may purchase GRP and MPCI coverage for the same crop
All of the following are true under and year
the Group Risk Plan EXCEPT
Complete additional continuing education
Any licensed insurance producer
wanting to add an amendment to the
license to become licensed in an
additional line of authority does
NOT have to
5 years
Any Producer who abuses the crop
insurance program may be
disqualified from major USDA
programs for
, Appraisers and an umpire
The appraisal process requires the
services of
Pays 55% of the established price of the commodity on crop losses in
Catastrophic Coverage (CAT) excess of 50%
Peril
The cause of possible loss or the
event insured against is known as
A CE term is based on The producers birth month
10 days
The commissioner may give notice
of a hearing to any such person
engaging in any unfair method of
competition or any unfair or
deceptive act or practice. The
hearing shall not be less than how
many days after notice of a hearing
is served
Estimated taxes
The commissioner may NOT
penalize an insurance producer for
failing to pay
3 Direct losses fire, wind, lightning
3 may be insured under a crop-hail Land owner, sharecropper, tenant farmer
policy
Loss in Yield
The Actual Production History
(APH) Plan insures producers
against
4 years, up to 10 consecutive crop years
The actual production history
(APH) yield for MPCI is
determined from producer
production records for a minimum
of
$300
The administrative fee for CAT
protection for each crop insured in
each county is
, $30
The administrative fee for each crop
year per county for all levels of
coverage in excess of CAT
protection (a buy-up policy) is
90 days
After the date of teh test,
examination results are valid for
The person lives in a bordering state
All of the following are necessary
for a nonresident to receive a
nonresident insurance license
EXECPT
Producers may purchase GRP and MPCI coverage for the same crop
All of the following are true under and year
the Group Risk Plan EXCEPT
Complete additional continuing education
Any licensed insurance producer
wanting to add an amendment to the
license to become licensed in an
additional line of authority does
NOT have to
5 years
Any Producer who abuses the crop
insurance program may be
disqualified from major USDA
programs for
, Appraisers and an umpire
The appraisal process requires the
services of
Pays 55% of the established price of the commodity on crop losses in
Catastrophic Coverage (CAT) excess of 50%
Peril
The cause of possible loss or the
event insured against is known as
A CE term is based on The producers birth month
10 days
The commissioner may give notice
of a hearing to any such person
engaging in any unfair method of
competition or any unfair or
deceptive act or practice. The
hearing shall not be less than how
many days after notice of a hearing
is served
Estimated taxes
The commissioner may NOT
penalize an insurance producer for
failing to pay
