A&O subsidy definition

A&O subsidy means the subsidy for the administrative and operating expenses paid by FCIC on behalf of the policyholder to the Company for additional coverage level eligible livestock price insurance contracts in accordance with section 508(k)(4) of the Act (7 U.S.C. § 1508(k)(4)).
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A&O subsidy means the subsidy for the administrative and operating expenses paid by FCIC on behalf of the policyholder to the Company for eligible crop insurance contracts.
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A&O subsidy means the subsidy for the administrative and operating expenses authorized by the Act and paid by FCIC on behalf of the producer to the Company. "Approved Manual 14" means the Guidelines and Expectations for the delivery of the Federal Crop Insurance Program (Manual 14) as it exists 30 days prior to the date on which the Plan of Operation must be submitted to FCIC with respect to such reinsurance year.
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Examples of A&O subsidy in a sentence

  • The A&O subsidy and CAT LAE shown on the September monthly settlement report following the end of the reinsurance year, will not be netted with amounts due from the Company, but will be paid no later than the third business day of October.

  • If the Company fails to comply with this provision, FCIC may deny all or a portion of A&O subsidy or CAT LAE.

  • The Company provides valuable program delivery services for which payment is made in the form of A&O subsidy.

  • The initial payment to the Company of A&O subsidy and CAT LAE will be based on information reported on the September monthly settlement report following the end of the reinsurance year, and will be adjusted monthly thereafter.

  • FCIC will require the Company to refund any A&O subsidy that exceeds the amount the Company was entitled to receive.

  • In addition to other provisions of this Agreement, the amount of A&O subsidy may be adjusted to a level that FCIC determines to be equitable if issuing or servicing eligible livestock price insurance contracts involve expenses that vary significantly from the basis used to determine the A&O subsidy under this section.

  • A&O subsidy Notwithstanding the provisions of this section, under no circumstances will A&O subsidy be paid in excess of the amount authorized by statute.

  • Unable to determine the correct amount of indemnity, or premium that should have been paid, FCIC will deny reinsurance, in whole or in part, or reduce the A&O subsidy based on the severity of the failure, unless the Company can provide documentary evidence satisfactory to FCIC that shows the correct amount of the indemnity, or premium.

  • A&O subsidy will continue to be paid for those eligible livestock price insurance contracts that FCIC requires to be serviced.

  • No portion of the net book premium or the A&O subsidy may be rebated in any form to policyholders, except as authorized by the Act and approved in writing by FCIC.