Reinsurance Agreements

The Standard Reinsurance Agreement, the Livestock Price Reinsurance Agreement, and the Aquatic Crop Reinsurance Agreement are considered cooperative financial assistance agreements between the Federal Crop Insurance Corporation (FCIC) and the insurance company named on the agreement. The FCIC is a wholly owned government corporation within the U.S. Department of Agriculture that is authorized to carry out all actions and programs authorized by the Federal Crop Insurance Act (the Act). The Risk Management Agency has delegated authority to act on the behalf of the FCIC to deliver and administer all Federal crop insurance programs.

Each reinsurance agreement establishes the terms and conditions under which the FCIC will provide subsidies and reinsurance on eligible crop insurance contracts sold or reinsured by the insurance company named on the agreement. By regulation, each insurance company and its managing agent, if applicable, must be in good financial standing and in compliance with the laws of the state where it is domiciled and in the states where its business is written. Insurance companies are pre-qualified prior to participating in the program.

Both proportional and non-proportional reinsurance is offered under the agreements. An administrative and operating expense subsidy is provided in accordance with the Act or as determined by the FCIC Board of Directors. Insurance premiums paid by policyholders are also subsidized in accordance with the Act.

2005 Standard Reinsurance Agreement
FINAL DRAFT (PDF file; 288Kb)

• Appendix I: Program Integrity Statement (PDF file; 28Kb)
• Appendix II: Plan of Operations (PDF file; 17Kb)
• Exhibit 10: Instructions for Commission, Loss Adjustment, and Estimated Expense templates (Excel XLS file; 50Kb) | (PDF file; 15Kb)
• Exhibit 12: Premium Estimates by Fund (Excel XLS file; 24Kb) | (PDF file; 7Kb)
• Exhibit 13: Percent of Premium and Associated Liability for Losses to be Retained in the Developmental Fund in Each State (Excel XLS file; 22Kb) | (PDF file; 7Kb)
• Exhibit 14: Percent of Premium and Associated Liability for Losses to be Retained in the Commercial Fund in Each State (Excel XLS file; 22Kb) | (PDF file; 7Kb)
• Exhibit 17: Agreement Regarding Reinsurance Escrow Arrangement (PDF file; 15Kb)
• Exhibit 18a: Guidelines for Preparing Exhibit 18b (PDF file; 177Kb)
• Exhibit 18b: MPCI Expense Exhibit (Excel XLS file; 27Kb) | (PDF file; 172Kb)
• Exhibit 25: Disclosure of Lobbying Activities (PDF file; 72Kb)
• Appendix III: Approved 2005 Appendix III/M-13 Handbook
• Appendix IV: Quality Standards and Control (PDF file; 78Kb)

1998 Standard Reinsurance Agreement (for 1998 and succeeding years) (PDF file; 74Kb)

• Amendment 1 (PDF file; 11Kb)
• Amendment 2 (PDF file; 7Kb)
• Amendment 3 (PDF file; 18Kb)
• Appendix I: Procurement Integrity, Drug-free Workplace and Anti-lobbying (PDF file; 25Kb)
• Appendix II: Plan of Operations (PDF file; 13Kb)
• Exhibit 12: Premium Estimates by Fund (Excel XLS file; 24Kb)
• Exhibit 13: Percent and Associated Liability for Losses To Be Retained in the Commercial Fund in Each State (Excel XLS file; 22Kb)
• Exhibit 14: Percent and Associated Liability for Losses To Be Retained in the Developmental Fund in Each State (Excel XLS file; 19Kb)
• Exhibit 20a: Guidelines for Preparing Exhibit 20B (PDF file; 10Kb)
• Exhibit 20b: Expense Exhibit (Excel XLS file; 25Kb)
• Exhibit 27: Disclosure of Lobbying Activities (PDF file; 84Kb)
• Exhibit 29: Agreement Regarding Reinsurance Escrow Arrangement (includes the Escrow Agreement) (PDF file; 12Kb)

• Amendment 1 (PDF file; 10Kb)
• Appendix II: Plan of Operation (PDF file; 90Kb)
• Exhibit 12 Premium Estimates by Fund (Excel XLS file; 21Kb)
• Exhibit 13: Percent and Associated Liability for Losses To Be Retained in the Commercial Fund in Each State (Excel XLS file; 19Kb)
• Exhibit 14: Percent and Associated Liability for Losses To Be Retained in the Developmental Fund in Each State (Excel XLS file; 20Kb)
• Exhibit 20a: Guidelines for Preparing Exhibit 20b (PDF file; 17Kb)
• Exhibit 27: Agreement Regarding Reinsurance Escrow Arrangement (PDF file; 18Kb)
• Exhibit 28: Disclosure of Lobbying Activities (PDF file; 84Kb)

• Appendix 1: Program Integrity Statement (PDF file; 55.7 Kb)
• Appendix 2: Plan Of Operation (PDF file; 58.6 Kb)
• Appendix III: Approved 2005 Appendix III/M-13 Handbook
• Appendix 4: Quality Standards and Control (PDF file; 144 Kb)
• Exhibit 12: Premium Estimates By Fund (Excel file; 22 Kb)
• Exhibit 13: Company Cession to FCIC (Excel file; 19 Kb)
• Exhibit 16a: Guidelines for Preparing Exhibit 16b (PDF file; 29.8 Kb)
• Exhibit 16b: LPRA Expense Exhibit (Excel file; 13.1 Kb)

• 2004 Livestock Price Reinsurance Agreement (PDF file; 56.7 Kb)
• Appendix 1: Federal Directives (PDF file; 29.6 Kb)
• Appendix 2: Plan Of Operation (PDF file; 16.1 Kb)
• Appendix 3: Quality Assurance Program (PDF file; 8.75 Kb)
• Exhibit 12: Premium Estimates By Fund (PDF file; 5 Kb)
• Exhibit 12: Premium Estimates By Fund (Excel file; 19.5 Kb)
• Exhibit 13: Company Cession to FCIC (PDF file; 5.21 Kb)
• Exhibit 13: Company Cession to FCIC (Excel file; 17.5 Kb)
• Exhibit 16a: Guidelines for Preparing Exhibit 16b (PDF file; 11.3 Kb)
• Exhibit 16b: LPRA Expense Exhibit (PDF file; 6.21 Kb)
• Exhibit 16b: LPRA Expense Exhibit (Excel file; 13Kb)

• Appendix I (PDF file; 26Kb)
• Appendix II (PDF file; 15Kb)
• Appendix III (PDF file; 9Kb)
• Exhibit 16a: Guidelines for Preparing Exhibit 16b (PDF file; 10Kb)
• Exhibit 16b: Expense Exhibit (Excel XLS file; 25Kb)
• Exhibit 24: Disclosure of Lobbying Activities (PDF file; 84Kb)