Crop Insurance Today Fourth Quarter 2021 - 31

Plan Code
Written Agreements
Allowed?
Premium Due
DRP
83
No
Billed after QCE ends
If final prices for a quarter
appear to show a loss for
an insured's QCE(s), AIP
sends a Notice of Probable
Loss (NOPL) to the
insured with a deadline
Notice of Loss
to return applicable sales
records and a completed
Milk Production Worksheet.
Documents
due from
insured within 60 days of
NOPL issuance.
* No required on-farm
visit or on-site adjustment
process.
Loss Adjustment
Procedure?
* Underwriting or claims
department reviews the
returned supporting
documentation and completed
Milk Production
Worksheet, and verifies
indemnity amount due
(may be reduced if milk
sales less than 85% of
declared milk production).
Indemnity
Due If:
When market prices and
yields in milk pooled
production regions
change due to natural
market shifts, then a
DRP indemnity is the
difference between the
final revenue guarantee
and actual milk revenue
times actual share and
protection factor.
Does not insure against
death or other loss or
destruction of dairy cattle,
or against any other loss
or damage.
LGM-Cattle
82
No
Billed after insurance
period ends
Once there are no
remaining non-zero target
marketings within an
11-month insurance period,
if final prices for that
insurance period appear
to show a loss, AIP sends
a Notice of Probable Loss
(NOPL) to the insured
with a deadline to return
applicable sales records
and a completed Marketings
Report.
Documents due from
insured within 15 days of
receiving NOPL.
* No required on-farm
visit or on-site adjustment
process.
* Underwriting or claims
department reviews the
returned supporting documentation
and completed
Marketings Report, and
verifies indemnity amount
due (may be reduced if
total actual marketings
are less than 75% of total
target marketings for the
insurance period).
If the actual gross margin
is less than the expected
gross margin (minus the
deductible) for the insurance
period, an indemnity
may be payable.
Does not insure against
death or other loss or
destruction of cattle,
unexpected increases
in feed use, anticipated/
multi-year increases in
feed costs, or any other
loss or damage.
LGM-Dairy Cattle
82
No
Billed after insurance
period ends
Once there are no
remaining non-zero target
marketings within an
11-month insurance period,
if final prices for that
insurance period appear
to show a loss, AIP sends
a Notice of Probable Loss
(NOPL) to the insured
with a deadline to return
applicable sales records
and a completed Marketings
Report.
Documents due from
insured within 15 days of
receiving NOPL.
* No required on-farm
visit or on-site adjustment
process.
* Underwriting or claims
department reviews the
returned supporting documentation
and completed
Marketings Report, and
verifies indemnity amount
due (may be reduced if
total actual marketings
are less than 75% of total
target marketings for the
insurance period).
If the actual gross margin
is less than the expected
gross margin (minus the
deductible) for the insurance
period, an indemnity
may be payable.
Does not insure against
death or other loss or
destruction of dairy cattle,
unexpected decreases
in milk production or
increases in feed use,
anticipated/multi-year
declines in milk prices or
increases in feed costs, or
any other loss or damage.
LGM-Swine
82
No
Billed after insurance
period ends
Once there are no
remaining non-zero target
marketings within an
6-month insurance period,
if final prices for that
insurance period appear
to show a loss, AIP sends
a Notice of Probable Loss
(NOPL) to the insured
with a deadline to return
applicable sales records
and a completed Marketings
Report.
Documents due from
insured within 15 days of
receiving NOPL.
* No required on-farm
visit or on-site adjustment
process.
* Underwriting or claims
department reviews the
returned supporting documentation
and completed
Marketings Report, and
verifies indemnity amount
due (may be reduced if
total actual marketings
are less than 75% of total
target marketings for the
insurance period).
* No required on-farm
visit or on-site adjustment
process.
* Underwriting or claims
department review
returned NOPL and verify
indemnity due.
* No required on-farm
visit or on-site adjustment
process.
* Underwriting or claims
department review
returned NOPL and verify
indemnity due.
* No required on-farm
visit or on-site adjustment
process.
* Underwriting or claims
department review
returned NOPL and verify
indemnity due.
If the actual ending value
is less than the coverage
price for the insurance
period, AIP sends a
Notice of Probable Loss
(NOPL) to the insured
with a deadline to return
the signed NOPL form
within 60 days of the SCE
end date.
No other documentation
required unless AIP
requests such
documentation.
If the actual ending value
is less than the coverage
price for the insurance
period, AIP sends a
Notice of Probable Loss
(NOPL) to the insured
with a deadline to return
the signed NOPL form
within 60 days of the SCE
end date.
No other documentation
required unless AIP
requests such
documentation.
If the actual ending value
is less than the coverage
price for the insurance
period, AIP sends a
Notice of Probable Loss
(NOPL) to the insured
with a deadline to return
the signed NOPL form
within 60 days of the SCE
end date.
No other documentation
required unless AIP
requests such
documentation.
LRP-Fed Cattle
81
No
Billed after SCE ends
LRP-Feeder Cattle
81
No
Billed after SCE ends
LRP-Swine
81
No
Billed after SCE ends
If the actual gross margin
is less than the expected
gross margin (minus the
deductible) for the insurance
period, an indemnity
may be payable.
Does not insure against
death or other loss or
destruction of swine or
any other related loss or
damage.
Actual ending value is
less than the coverage
price for the insurance
period
Actual ending value is
less than the coverage
price for the insurance
period
Actual ending value is
less than the coverage
price for the insurance
period
Current as of October 2021 ©2021 National Crop Insurance Services
Crop Insurance Today Fourth Quarter 2021

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