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Livestock

COM-19-001: Livestock Price Reinsurance Agreement (LPRA) Appendix IV Reviews

Background

Approved Insurance Providers (AIPs) are required to conduct reviews of eligible livestock price insurance contracts as described in Appendix IV of the LPRA. These reviews are intended to address suspected anomalies and program integrity concerns, or to assure that a company’s internal control processes are operational and effective. The required reviews include Data Mining Reviews, Individual Policy Reviews, Conflict of Interest Reviews, and $200,000 Indemnity Reviews.

Actuarial Release 19-010

As of March 28, 2019 the following information is now available on the FTP site:

  • 2020 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
  • 2020 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

  • 2020 Actuarial Data Master are in the References/Actuarial_Data_Master/2020 directory.
  • 2020 Special Provisions are in the Special_Provisions/2020 directory.

Additional notes and details regarding this data release:

MGR-17-002: Additional Time for Wheat Short Rate Reporting in Certain Areas Impacted by Fires

Background 

Due to the recent outbreak of fires in Colorado, Southwest Kansas, Oklahoma, and Texas, the Risk Management Agency (RMA) has received requests to allow additional time for policyholders to report their acres for short rate eligibility. Record-breaking fires in Colorado, Kansas, Oklahoma, and Texas have resulted in loss of homes, livestock, feed, lost and injured livestock, and infrastructure.

IS-18-007: 2019 Livestock Price Reinsurance Agreement (LPRA) – Revised Appendix II, Exhibit V(b) and (c)

The Risk Management Agency (RMA) has released a revised 2019 Livestock Price Reinsurance Agreement (LPRA) Appendix II, with changes to Exhibits V(b) and (c) in the 2019 LPRA Plan of Operation Template at https://www.rma.usda.gov/policy-procedure/reinsurance-agreements. These exhibits were revised to include the new Dairy Revenue Protection (DRP) plan of insurance, to be implemented later this year. DRP will be available in all states.

PM-18-033: 2019 Appendix III - Standard Reinsurance Agreement and Livestock Price Reinsurance Agreement

The 2019 Appendix III to the Standard Reinsurance Agreement and the Livestock Price Reinsurance Agreement (Appendix III) has been updated with approved modifications. Appendix III is available electronically via the Risk Management Agency (RMA) website.

Modifications in the 2019 Appendix III include:

Data narrative changes that included: