,i #aac? ,,congress #a/ ,session ,h4 ,r4 #afjf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #ag1 #bjac ,mr4 ,neugebau] introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,agriculture ,a ,,bill ,to am5d ! ,f$]al ,crop ,insurance ,act to make available to produc]s a supplem5tal cov]age option bas$ on bo? an individual yield & loss basis & an area yield & loss basis 9 ord] to all[ produc]s to cov] all or a portion ( _! d$uctible "u ! individual yield & loss policy1 to improve ! accuracy ( actual production hi/ory det]m9ations1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,crop ,risk ,options ,plan ,act ( #bjac4 #b4 ,supplem5tal cov]age option 7a7 ,availability ( supplem5tal cov]age option ,p>agraph 7#c7 ( section #ejh7;c7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;c77 is am5d$ to read z foll[s3 7#c7 ,yield & loss basis options ,a produc] %all h ! option ( pur*as+ additional cov]age bas$ on-- 7,a7 7i7 an individual yield & loss basis2 or 7ii7 an area yield & loss basis2 7,b7 an individual yield & loss basis1 supplem5t$ ) cov]age bas$ on an area yield & loss basis to cov] a "p ( ! d$uctible "u ! individual yield & loss policy1 z describ$ 9 p>agraph 7#d77;,c72 or 7,c7 a m>g9 basis alone or 9 comb9ation ) ! cov]ages available 9 subp>agraph 7,a7 or 7,b74 4 7b7 ,level ( cov]age ,p>agraph 7#d7 ( section #ejh7;c7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;c77 is am5d$ to read z foll[s3 7#d7 ,level ( cov]age 7,a7 ,doll> d5om9ation & p]c5tage ( yield ,except z provid$ 9 subp>agraph 7,c71 ! level ( cov]age-- 7i7 %all be doll> d5om9at$2 & 7ii7 may be pur*as$ at any level n to exce$ #he p]c5t ( ! individual yield or #ie p]c5t ( ! area yield 7z det]m9$ by ! ,corporation74 7,b7 ,in=mation ,! ,corporation %all provide produc]s ) in=mation on cata/rophic risk & additional cov]age 9 t]ms ( doll> cov]age 7)9 ! all[able limits ( cov]age provid$ 9 ?is p>agraph74 7,c7 ,supplem5tal cov]age option 7i7 ,9 g5]al ,not)/&+ subp>agraph 7,a71 9 ! case ( ! supplem5tal cov]age option describ$ 9 p>agraph 7#c77;,b71 ! ,corporation %all (f] produc]s ! opportunity to pur*ase cov]age 9 comb9ation ) a policy or plan ( insurance (f]$ "u ?is subtitle t w\ld all[ indemnities to be paid to a produc] equal to a "p ( ! d$uctible "u ! policy or plan ( insurance-- 7,i7 at a c\nty-wide level to ! fulle/ ext5t practicable2 or 7,,ii7 9 c\nties t lack suffici5t data1 on ! basis ( su* l>g] geographical area z ! ,corporation det]m9es to provide suffici5t data = purposes ( provid+ ! cov]age4 7ii7 ,trigg] ,cov]age (f]$ "u p>agraph 7#c77;,b7 & clause 7i7 %all be trigg]$ only if ! losses 9 ! area exce$ #aj p]c5t ( normal levels 7z det]m9$ by ! ,corporation74 7iii7 ,cov]age ,subject to ! trigg] describ$ 9 clause 7ii71 cov]age (f]$ "u p>agraph 7#c77;,b7 & clause 7i7 %all n exce$ ! diff]5ce betwe5-- 7,i7 #ij p]c5t2 & 7,,ii7 ! cov]age level select$ by ! produc] = ! und]ly+ policy or plan ( insurance4 7iv7 ,calculation ( premium ,not)/&+ subsection 7d71 ! premium = cov]age (f]$ "u p>agraph 7#c77;,b7 & clause 7i7 %all-- 7,i7 be suffici5t to cov] anticipat$ losses & a reasonable res]ve2 & 7,,ii7 include an am\nt = op]at+ & adm9i/rative exp5ses e/abli%$ 9 accordance ) subsection 7k77#d77;,f74 4 7c7 ,paym5t ( portion ( premium by ,corporation ,section #ejh7;e77#b7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;e77#b77 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,h7 ,9 ! case ( ! supplem5tal cov]age option au?oriz$ 9 subsection 7c77#d77;,c71 ! am\nt %all be equal to ! sum (-- 7i7 #fj p]c5t ( ! additional premium associat$ ) ! cov]age2 & 7ii7 ! am\nt det]m9$ "u subsection 7c77#d77;,c77vi77,,ii71 subject to subsection 7k77#d77;,f71 = ! cov]age to cov] op]at+ & adm9i/rative exp5ses4 4 7d7 ,effective date ,! ,f$]al ,crop ,insurance ,corporation %all beg9 to provide additional cov]age bas$ on an individual yield & loss basis1 supplem5t$ ) cov]age bas$ on an area yield & loss basis1 n lat] ?an = ! #bjad crop ye>4 #c4 ,data s\rces = det]m9ation ( actual production hi/ory ,section #ejh7;g77#b7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;g77#b77 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,e7 ,s\rces ( yield data ,to det]m9e yields "u ?is p>agraph1 ! ,corporation %all use data collect$ by ! ,risk ,managem5t ,ag5cy or ! ,national ,agricultural ,/ati/ics ,s]vice1 or bo?4 4