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Why is RMA revising the Common Crop Insurance Regulations to combine these plans of insurance?

April 26, 2017common CROP Insurance plans regulations revising RMA

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Why is RMA revising the Common Crop Insurance Regulations to combine these plans of insurance?

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A. The regulation was revised to reduce duplication and to simplify revenue and yield protection into: (1) One set of policy materials, Special Provisions, and actuarial documents, (2) One rating and pricing methodology, (3) One premium calculator, and, (4) One database. This combination of APH, CRC, RA, IP, and IIP provides simplification, fewer documents to read and process, and less chance of errors for producers, crop insurance companies, sales agents, and RMA.