Basic Provision Definitions

Definitions

25 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
Abandon
Failure to continue to care for the crop, providing care so insignificant as to provide no benefit to the crop, or failure to harvest in a timely manner, unless an insured cause of loss prevents you from properly caring for or harvesting the crop or causes damage to it to the extent that most producers of the crop on acreage with similar characteristics in the area would not normally further care for or harvest it.
Acreage Report
A report required by section 6 of these Basic Provisions that contains, in addition to other required information, your report of your share of all acreage of an insured crop in the county, whether insurable or not insurable.
Acreage Reporting Date
The date contained in the Special Provisions or as provided in section 6 by which you are required to submit your acreage report.
Act
The Federal Crop Insurance Act (7 U.S.C. 1501 et seq.).
Actual Production History
A process used to determine production guarantees in accordance with 7 CFR part 400, subpart (G).
Actual Yield
The yield per acre for a crop year calculated from the production records or claims for indemnities. The actual yield is determined by dividing total production (which includes harvested and appraised production) by planted acres.
Actuarial Documents
The information for the crop year which is available for public inspection in your agent’s office and published on RMA’s Web site and which shows available crop insurance policies, coverage levels, information needed to determine amounts of insurance, prices, premium rates, premium adjustment percentages, practices, particular types or varieties of the insurable crop, insurable acreage, and other related information regarding crop insurance in the county.
Additional Coverage
A level of coverage greater than catastrophic risk protection.
Administrative Fee
An amount you must pay for catastrophic risk protection, and additional coverage for each crop year as specified in section 7 and the Catastrophic Risk Protection Endorsement.
Agricultural Commodity
Any crop or other commodity produced, regardless of whether or not it is insurable.
Agricultural Experts
Persons who are employed by the Cooperative Extension System or the agricultural departments of universities, or other persons approved by FCIC, whose research or occupation is related to the specific crop or practice for which such expertise is sought.
Annual Crop
An agricultural commodity that normally must be planted each year.
Application
The form required to be completed by you and accepted by us before insurance coverage will commence. This form must be completed and filed in your agent’s office not later than the sales closing date of the initial insurance year for each crop for which insurance coverage is requested. If cancellation or termination of insurance coverage occurs for any reason, including but not limited to indebtedness, suspension, debarment, disqualification, cancellation by you or us or violation of the controlled substance provisions of the Food Security Act of 1985, a new application must be filed for the crop. Insurance coverage will not be provided if you are ineligible under the contract or under any Federal statute or regulation.
Approved Yield
The actual production history (APH) yield, calculated and approved by the verifier, used to determine the production guarantee by summing the yearly actual, assigned, adjusted or unadjusted transitional yields and dividing the sum by the number of yields contained in the database, which will always contain at least four yields. The database may contain up to 10 consecutive crop years of actual or assigned yields. The approved yield may have yield adjustments elected under section 36, revisions according to section 3, or other limitations according to FCIC approved procedures applied when calculating the approved yield.
Area
Land surrounding the insured acreage with geographic characteristics, topography, soil types and climatic conditions similar to the insured acreage.