Expense reimbursements are raised each year for inflation
What the document says“beginning with the 2026 reinsurance year, and for each reinsurance year thereafter, the Corporation shall increase the total administrative and operating expense reimbursements otherwise required under the Standard Reinsurance Agreement in effect for the reinsurance year in order to account for inflation”
The section adds a new paragraph (12) to section 508(k) of the Federal Crop Insurance Act requiring the Corporation, from the 2026 reinsurance year, to raise total administrative and operating expense reimbursements for inflation, in a manner consistent with the increases given for the 2011 through 2015 reinsurance years under the enclosure to Risk Management Agency Bulletin numbered MGR-10-007 dated June 30, 2010. The increase applies to all contracts covering crops that were subject to an increase in those years, and is not a renegotiation under paragraph (8)(A).
What the document actually says“beginning with the 2026 reinsurance year, and for each reinsurance year thereafter, the Corporation shall increase the total administrative and operating expense reimbursements otherwise required under the Standard Reinsurance Agreement in effect for the reinsurance year in order to account for inflation”
From the 2026 reinsurance year the Corporation must raise what it pays. The rise is there to keep up with inflation.
It follows the way rises were given from 2011 to 2015. Those were set out in a 2010 agency bulletin. That bulletin is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.