SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Ensuring Access to 
Risk Management Act of 2024’’. 
SEC. 2. REIMBURSEMENT FOR ADMINISTRATIVE AND OP-
ERATING EXPENSES WITH RESPECT TO SPE-
CIALTY CROPS CONTRACTS. 
Section 508(k) of the Federal Crop Insurance Act (7 
U.S.C. 1508(k)) is amended by adding at the end of the 
following: 
‘‘(10) SPECIALTY CROPS.— 
‘‘(A) MINIMUM REIMBURSEMENT.—Begin-
ning with the 2022 reinsurance year and for 
each reinsurance year thereafter, the rate of re-
imbursement to approved insurance providers 
and agents for administrative and operating ex-
penses with respect to crop insurance contracts 
covering agricultural commodities described in 
section 101 of title I of the Specialty Crops 
Competitiveness Act of 2004 (7 U.S.C. 1621 
note) shall be equal to or greater than the per-
cent that is the greater of the following: 
‘‘(i) 17 percent of the premium used 
to define loss ratio. 
‘‘(ii) The percent of the premium used 
to define loss ratio that is otherwise appli-
cable for the reinsurance year under the 
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terms of the Standard Reinsurance Agree-
ment in effect for the reinsurance year. 
‘‘(B) OTHER CONTRACTS.—In carrying out 
subparagraph (A), the Corporation shall not re-
duce, with respect to any reinsurance year, the 
amount or the rate of reimbursement to ap-
proved insurance providers and agents under 
the Standard Reinsurance Agreement described 
in clause (ii) of such subparagraph for adminis-
trative and operating expenses with respect to 
contracts covering agricultural commodities 
that are not subject to such subparagraph as 
compared to what the amount or the rate of 
such reimbursement would be had this para-
graph not been enacted. 
‘‘(C) ADMINISTRATION.—The requirements 
of this paragraph and the adjustments made 
pursuant to this paragraph shall not be consid-
ered a renegotiation under paragraph (8)(A). 
‘‘(11) ADJUSTMENT.— 
‘‘(A) IN
GENERAL.—Beginning with the 
2024 reinsurance year and for each reinsurance 
year thereafter, the Corporation shall increase 
the total administrative and operating expense 
reimbursements otherwise required under the 
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Standard Reinsurance Agreement described in 
paragraph (10)(A)(ii) in order to account for 
inflation in a manner that is consistent with the 
increases provided with respect to the 2011 
through 2015 reinsurance years under the en-
closure, included in the Risk Management 
Agency’s Bulletin, MGR–10–007, dated June 
30, 2010. 
‘‘(B) ADMINISTRATION.—The increase de-
scribed in subparagraph (A) shall— 
‘‘(i) apply with respect to all contracts 
covering agricultural commodities that 
were subject to an increase during the pe-
riod of the 2011 through 2015 reinsurance 
years under the enclosure described in 
such subparagraph; 
‘‘(ii) not be considered a renegotiation 
under paragraph (8); and 
‘‘(iii) from one reinsurance year to an 
immediately following reinsurance year, 
not exceed the applicable annual percent-
age increase in the Consumer Price Index 
for All Urban Consumers.’’. 
Æ 
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