Premium Reduction Plans for Crop Insurance

Gary Schnitkey ( January, 2006 )

Summary

The Risk Management Agency (RMA) allows insurance companies to offer Premium Reduction Plans (PRPs) on 2006 crop insurance policies. Background on insurance premiums and subsidies will aid in understanding PRPs. The RMA sets premiums offered by all crop insurance companies. In setting premiums, RMA first determines "total" premiums for insurance policies.

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Details

Organization

University of Illinois Extension

Publisher

University of Illinois

Publication Views

240

Material Type

Written Material