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USDA/FCIC | RIN: 0563-AC54 | Publication ID: Spring 2018 |
Title: General Administrative Regulations; Subpart L--Reinsurance Agreement--Standards for Approval; Regulations for the 2018 and Subsequent Reinsurance Years | |
Abstract:
The purpose of this proposed rule change is to solicit public comment on FCIC’s proposed action to amend 7 CFR part 400 subpart L, Reinsurance Agreement Standards for Approval; regulations for the 2018 and subsequent reinsurance years. The intended effect is to clarify, strengthen and improve the understanding and implementation of 7 CFR 400 subpart L, Standards for Approval. The purpose of revising 7 CFR 400 subpart L is to better align the regulation with the existing Standard Reinsurance Agreement (SRA) and Livestock Price Reinsurance Agreement (LPRA) and to minimize future revisions should the SRA and/or LPRA be renegotiated. In proposing these revisions, it is expected to result in a more current and focused regulation subpart L by eliminating passages that are no longer relevant to the current agri-business environment since certain products are no longer offered. A more streamlined and focused regulation will make it easier for all parties to implement and enforce. |
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Agency: Department of Agriculture(USDA) | Priority: Routine and Frequent |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Not subject to, not significant | |
CFR Citation: 7 CFR 400 | |
Legal Authority: 7 USC 1506(l) 7 USC 1506(p) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: David Miller Director, Reinsurance Services Division Department of Agriculture Federal Crop Insurance Corporation 1400 Independence Ave., SW., Washington, DC 20250 Phone:202 720-9830 |