Terms in this set (155)
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 the test,
examination results are valid for
, wind
All of the following are direct losses
except
The person lives in a bordering state
All of the following are necessary
for a nonresident to receive a
nonresident insurance license
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
excludes upside harvest price protection
The Area Revenue with Harvest
Price Exclusion (ARPHPE)
insurance plan
, projected price
The Area Revenue with Harvest
Price Exclusion (ARPIwHPE)
trigger revenue (guarantee) is based
on the county yield multiplied by
the
greater of the projected price or harvest price
The Area Risk Protection (ARP)
guarantee is based on the
begins coverage when the crop has been planted
The Area Risk Protection Insurance
Policy (ARPI)
is based on county revenues and yields
The Area Risk Protection Insurance
Policy (ARPI) is unique because it
Yield
The Area Yield Protection (AYP)
policy provides protection against
loss of
Pays 55% of the established price of the commodity on crop losses in
Catastrophic coverage (CAT) excess of 50%
AYP
Catastrophic Risk Protection (CAT)
is available under the Area Risk
Protection Insurance Policy (ARPI)
for
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 the test,
examination results are valid for
, wind
All of the following are direct losses
except
The person lives in a bordering state
All of the following are necessary
for a nonresident to receive a
nonresident insurance license
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
excludes upside harvest price protection
The Area Revenue with Harvest
Price Exclusion (ARPHPE)
insurance plan
, projected price
The Area Revenue with Harvest
Price Exclusion (ARPIwHPE)
trigger revenue (guarantee) is based
on the county yield multiplied by
the
greater of the projected price or harvest price
The Area Risk Protection (ARP)
guarantee is based on the
begins coverage when the crop has been planted
The Area Risk Protection Insurance
Policy (ARPI)
is based on county revenues and yields
The Area Risk Protection Insurance
Policy (ARPI) is unique because it
Yield
The Area Yield Protection (AYP)
policy provides protection against
loss of
Pays 55% of the established price of the commodity on crop losses in
Catastrophic coverage (CAT) excess of 50%
AYP
Catastrophic Risk Protection (CAT)
is available under the Area Risk
Protection Insurance Policy (ARPI)
for
