97-00059. Termination of the Standard Reinsurance Agreement

[Federal Register Volume 62, Number 1 (Thursday, January 2, 1997)]
[Notices]
[Page 89]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-00059]


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DEPARTMENT OF AGRICULTURE
Federal Crop Insurance Corporation


Termination of the Standard Reinsurance Agreement

AGENCY: Federal Crop Insurance Corporation, USDA.

ACTION: Notice of termination.

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SUMMARY:The Federal Crop Insurance Corporation (FCIC) herewith gives 
notice that it will terminate the current (1995/1997) Standard 
Reinsurance Agreement effective as of June 30, 1997.

EFFECTIVE DATE: June 30, 1997.

FOR FURTHER INFORMATION CONTACT: E. Heyward Baker, Acting Director, 
Reinsurance Services Division, Insurance Services, Risk Management 
Agency, United States Department of Agriculture, 1400 Independence 
Avenue, SW, Room 6727-S, Washington, D.C. 20250, telephone (202) 720-
4232.

SUPPLEMENTARY INFORMATION: In accordance with section V.J. of the 
Standard Reinsurance Agreement, this action is necessary to provide 
FCIC sufficient time to address proposed changes for the 1998 Standard 
Reinsurance Agreement, including those recommended by the crop 
insurance industry and the Office of Management and Budget and proposed 
in the President's 1998 budget proposal. FCIC also intends to address 
reinsurance for Crop Revenue Coverage and catastrophic risk protection 
policies.
    Accordingly, the FCIC herewith gives notice that it will terminate 
the current (1995/1997) Standard Reinsurance Agreement effective June 
30, 1997.

    Signed in Washington, D.C. on December 27, 1996.
Kenneth D. Ackerman,
Manager, Federal Crop Insurance Corporation.
[FR Doc. 97-00059 Filed 12-30-96; 12:08 pm]
BILLING CODE 3410-FA-P