Crop Insurance Today Fourth Quarter 2022 - 37

PLAN CODE
Premium Due
DRP
83
Billed after QCE ends
Notice of Loss
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
to return applicable sales records
and a completed Milk Production
Worksheet.
Documents due from insured within
60 days of NOPL issuance.
AIP will indemnify within 30 days of
receiving the completed Worksheet
and acceptable supporting documentation.
LGM-Cattle
82
Billed
after insurance period ends
LGM-Dairy Cattle
82
Billed after insurance period ends
LGM-Swine
82
Billed after insurance period ends
LRP-Fed Cattle
81
Billed after SCE ends
* If the actual ending value is less
" 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. "
" 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. "
" 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. "
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 date
the NOPL is provided.
* Documents proving ownership,
providing sales records, and attestations
as specified in the LRP BR are
due from insured with the NOPL.
* AIP will idemnify within 30
days of receiving the completed
NOPL with acceptable supporting
documentation.
* 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).
* No required on-farm visit or on-site
adjustment process.
* Underwriting or claims department
reviews the returned supporting
documentation and completed Marketing
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).
When market prices and yields in milk
pooled production regions change
due to natural market shifts, then
a DRP indemnity is the difference
Indemnity
Due If:
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.
Cancellation Date
Termination Date
(always verity dates using
the applicable cop year
actuarial documents)
C: June 30 at the end of the crop year.
Cannot cancel during a crop year.
T: December 31 of the year
following the cancellation date.
* No required on-farm visit or on-site
adjustment process.
* Underwriting or claims department
reviews the returned supporting
documentation and completed Marketing
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
reviews the returned supporting
documentation and completed Marketing
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 supporting
documentation NOPL and verify
indemnity due.
* No required on-farm visit or on-site
adjustment process.
* Underwriting or claims
department review returned supporting
documentation NOPL and verify
indemnity due.
* No required on-farm visit or on-site
adjustment process.
* Underwriting or claims
department review returned supporting
documentation NOPL and verify
indemnity due.
LRP-Feeder Cattle
81
Billed after SCE ends
* 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 date
the NOPL is provided.
* Documents proving ownership,
providing sales records, and attestations
as specified in the LRP BR are
due from insured with the NOPL.
* AIP will idemnify within 30
days of receiving the completed
NOPL with acceptable supporting
documentation.
LRP-Swine
81
Billed after SCE ends
* 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 date
the NOPL is provided.
* Documents proving ownership,
providing sales records, and attestations
as specified in the LRP BR are
due from insured with the NOPL.
* AIP will idemnify within 30
days of receiving the completed
NOPL with acceptable supporting
documentation.
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.
C: June 30 at the end of the crop year.
Cannot cancel during a crop year.
T: June 30 of the year
following the cancellation date.
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.
C: June 30 at the end of the crop year.
Cannot cancel during a crop year.
T: June 30 of the year
following the cancellation date.
C: June 30 at the end of the crop year.
Cannot cancel during a crop year.
T: June 30 of the year
following the cancellation date.
C: June 30 at the end of the crop year.
Cannot cancel during a crop year.
T: August 31 of the year
following the cancellation date.
C: June 30 at the end of the crop year.
Cannot cancel during a crop year.
T: August 31 of the year
following the cancellation date.
C: June 30 at the end of the crop year.
Cannot cancel during a crop year.
T: August 31 of the year
following the cancellation date.
Current as of November 32022 ©2022 National Crop Insurance Services
" 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.
Crop Insurance Today Fourth Quarter 2022

Table of Contents for the Digital Edition of Crop Insurance Today Fourth Quarter 2022
