§ 400.251 - Purpose and applicability.

(a) It is the purpose of these regulations to provide the procedures for implementing the various disaster acts and disaster provisions which require the purchase of crop insurance issued under the Federal Crop Insurance Act, by requiring a reduction in the compensation rate to the agent, broker, or company under contract or agreement with FCIC.

(b) The provisions contained in this subpart shall be applicable to all holders of an Agency Sales and Service Contract (herein referred to as “agency”) or a Reinsurance Agreement (herein referred to as “company”) with FCIC, and shall be applicable on all crop insurance contracts for crops entered into to comply with the requirements of various disaster acts or provisions requiring the purchase of crop insurance issued under the Federal Crop Insurance Act.