federal_register: 01-17607
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 01-17607 | General Administrative Regulations; Submission of Policies, Provisions of Policies, and Rates of Premium | Proposed Rule | The Federal Crop Insurance Corporation (FCIC) proposes to amend the procedures for the submission of policies, plans of insurance, or other rates or premium by insurance companies, or other persons or entities, to the FCIC Board of Directors (Board) for approval for reinsurance and subsidy under section 508(h) of the Federal Crop Insurance Act (Act) (7 U.S.C. 1501 et seq.). This rule will prescribe the respective roles and responsibilities of FCIC and the submitter. This rule also prescribes guidelines for the timing, content, and approval process for policies, plans of insurance, and rates of premium submitted under section 508(h) of the Act. In addition, this rule establishes requirements and guidelines for the reimbursement of research and development costs and maintenance costs for such submissions approved by the Board, and the payment of fees by insurance companies after the maintenance period has expired. For submissions approved by the Board prior to publication of this regulation, applicants may either submit documentation of research and development costs or use a formula method to determine the amount of the research and development reimbursement. The formula presented in this regulation is an objective measurement using the average number of policies per year earning premium from inception of the product to the time this regulation is published times $7 with the result of this calculation adjusted for scope and complexity, as required by legislation. The $7 was determined by using estimated product development costs with the intent to provide research and development cost reimbursement on an equitable basis considering the sales life cycle to date and market penetration. This rule also provides guidelines for non-reinsured supplemental policies to be submitted to FCIC for review in accordance with the Standard Reinsurance Agreement (SRA). | 2001-07-16 | 2001 | 7 | https://www.federalregister.gov/documents/2001/07/16/01-17607/general-administrative-regulations-submission-of-policies-provisions-of-policies-and-rates-of | https://www.govinfo.gov/content/pkg/FR-2001-07-16/pdf/01-17607.pdf | Agriculture Department; Federal Crop Insurance Corporation | 12,163 | The Federal Crop Insurance Corporation (FCIC) proposes to amend the procedures for the submission of policies, plans of insurance, or other rates or premium by insurance companies, or other persons or entities, to the FCIC Board of Directors (Board)... |