The extra payment is 6 percent of net book premium
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 10503, Sec. 10503.
Written by .
The extra payment is 6 percent of net book premium
The document says “shall”Who acts: Federal Crop Insurance CorporationHow: statuteSec. 10503 in the PDF
What the document says
“the payment to an approved insurance provider required under subparagraph (A) shall be the amount equal to 6 percent of the net book premium.”
The section sets the additional subsidy on an eligible contract at 6 percent of the net book premium.
What the document actually says
“the payment to an approved insurance provider required under subparagraph (A) shall be the amount equal to 6 percent of the net book premium.”
That sentence, in plain words
The extra payment is worked out from the premium. It comes to 6 percent of the net book premium.
What this is about
Net book premium is the premium the insurer has on its books. A bigger book means a bigger payment. The rate is fixed at 6 percent.
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Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 10503, 139 Stat. 104 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The extra payment is 6 percent of net book premium,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 10503, Sec. 10503. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec10503-six-percent/ (retrieved October 10, 2026).
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