In the June 13, 2016, Federal Register, USDA's
Federal Crop Insurance Corporation ("FCIC") finalized the
Common Crop Insurance Regulations, Texas Citrus Fruit Crop
Insurance Provisions, to provide policy changes to better meet the
needs of policyholders, clarify existing policy provisions, and
reduce vulnerability to program fraud, waste, and abuse.
Specifically, this final rule modifies or clarifies certain
definitions, clarifies unit establishment, clarifies substantive
provisions for consistency with terminology changes, modifies the
insured causes of loss, clarifies required timing for loss notices,
modifies portions of loss calculation formulas, and addresses
potential misinterpretations or ambiguity related to these issues.
The changes will be effective for the 2018 and succeeding crop
years. Rule is effective July 13,
2016.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
