The Corporation is authorized to conduct pilot programs on a regional, State, or national basis, may operate the pilot for up to 4 years and may extend the pilot if necessary. Authorizes a premium rate reduction pilot where private companies can compete by changing premium rates. Authorizes cost share assistance to producers for conservation practices in not less than 10, nor more than 15 States in which participation in the Federal crop insurance program is historically low. Section 134 - options pilot program Expands the dairy options pilot program. All members are appointed by the Secretary and hold staggered 4 year terms.
Persons are under contract to perform the review.
Authorizes the Corporation to contract for evaluating new products and for actuarial services. Section 144 - Electronic Availability of Crop Insurance Information Requires the Corporation to the maximum extent possible to allow producers and insurance providers to use electronic methods to submit information to the Corporation. Section 145 - Adequate Coverage for States Requires the Board to review policies and plans of insurance to determine if a State is adequately served. Section 146 - Submission of policies and materials to Board Establishes procedures for the Board to review policy submissions for the Boards approval. The Board has 120 days after a policy is submitted to make a determination to approve or disapprove the policy or material.