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 crop 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 livestock price insurance contracts.
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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 additional coverage level eligible crop insurance contracts in accordance with section 508(k)(4) of the Act (7
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Examples of A&O subsidy in a sentence

  • Reimbursement for CAT Loss Adjustment Expense will be calculated in accordance with the SRA, and will be included on the Monthly/Annual Settlement Reports beginning with the same monthly settlement report that contains initial A&O subsidy payments for a specific reinsurance year (see paragraph D.1. above).

  • In accordance with the Board approved procedures, index- based weather plans of insurance are not eligible for federal reinsurance, but may be approved for risk subsidy and A&O subsidy.

  • RMA relies on information provided by the AIP, third-party affiliates, and policyholders when making determinations relating to crop insurance, including determinations relating to the provision of reinsurance, premium subsidy and A&O subsidy on eligible crop insurance contracts.

  • The AIPs must review with particular care the following general information and exhibits to ensure full compliance with the SRA Appendix II: Exhibit III.f.1-3 – Agent Compensation Template The Agent Compensation template reflects the A&O subsidy (excluding the additional A&O subsidy paid when the state loss ratio exceeds 120 percent), processing payments, agent compensation less profit sharing, and profit sharing.

  • The A&O subsidy applicable to the eligible crop insurance contract will be reduced whenever the identified required LSR data has not been timely and accurately provided to FCIC or such information is revised after the LSR Transaction Cutoff Date.

  • RMA relies on information provided by the AIP, by third-party affiliates, and by policyholders when making determinations relating to crop insurance, including determinations relating to the provision of reinsurance, premium subsidy and A&O subsidy on eligible crop insurance contracts.

  • Federal programs enacted by Congress and the regulations and policies developed by RMA, USDA and other Federal agencies with applicable regulatory control provide the: • Authority for program and administrative operations, • Origin for RMA calculation of A&O subsidy, reinsurance and risk sharing.

  • If the underlying FCIC re- insured policy is sold by another AIP, the AIP that sold the NRS may be re- quired to pay FCIC an amount equal to the reinsurance, A&O subsidy, and risk subsidy on the underlying FCIC policy.

  • If the underlying FCIC reinsured policy is sold by another AIP, the AIP that sold the NRS may be required to pay FCIC an amount equal to the reinsurance, A&O subsidy, and risk subsidy on the underlying FCIC policy.

  • If the approved insurance provider sells an NRS policy that RMA deter- mines materially increases or shifts risk to the underlying FCIC reinsured policy, reduces or limits the rights of the insured with respect to the under- lying policy, or causes disruption in the marketplace for products reinsured by FCIC, reinsurance, A&O subsidy and risk subsidy will be denied on the un- derlying FCIC reinsured policy for which such NRS policy was sold.


More Definitions of A&O subsidy

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. AAdministrative fee@ means the processing fee the policyholder must pay in accordance with the Act and 7 C.F.R. chapter IV. AAgency@ means the person or entity with a contract or agreement with the Company or its MGA to sell and service eligible crop insurance contracts under the Federal crop insurance program. AAgent@ means an individual licensed by the State in which the agent does business under contract with a Company, its managing general agent, or any other entity, to sell and service eligible crop insurance contracts. AAgreement@ means this Standard Reinsurance Agreement, all Appendices, all referenced documents including Manual 13 and the Approved Manual 14. AAnnual Settlement@ means the settlement of accounts between the Company and FCIC for the reinsurance year, beginning with the February monthly transaction cutoff date following the reinsurance year and continuing monthly thereafter as necessary. "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. ABilling date@ means the date specified in the actuarial data master file as the date by which policyholders are billed for premium due on eligible crop insurance contracts. ABoard@ means the FCIC Board of Directors. ABook of business@ means the aggregation of all eligible crop insurance contracts in force between the Company and its policyholders that have a sales closing date within the reinsurance year and are eligible to be reinsured under this Agreement. ACancellation date@ means the date by which the Company or policyholder must notify the other that coverage under an eligible crop insurance contract issued by the Company is canceled for a succeeding crop year. The day following this date is considered as the date a continuous eligible crop insurance contract carried over from the previous crop year is renewed for the subsequent crop year. ACarryover crop insurance contract@ means eligible crop insurance contract that has been in force for at least one crop year term and continues in force for another crop year term after the cancellation date. ACatastrophic risk protection (CAT)@ means an eligible crop insurance contract that is in accordance with...
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Related to A&O subsidy

  • Subsidy means the difference between the amount of periodic

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

  • Continuing care retirement community means a residential

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Uniform business entity application means the current

  • Affordable Housing Cost means an amount satisfied by:

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.

  • State sponsor of terrorism means a country determined by the Secretary of State, under section 6(j)(1)(A) of the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)(i)(A)), to be a country the government of which has repeatedly provided support for acts of international terrorism. As of the date of this provision, state sponsors of terrorism subject to this provision are Iran, Sudan, and Syria. (10 U.S.C. 2327)

  • Medicare Advantage The Medicare managed care options that are authorized under Title XVIII as specified at Part C and 42 C.F.R. § 422.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Health care entity means any health care provider, health plan or health care clearinghouse.

  • Graduate medical education and disproportionate share fund or “GME/DSH fund” means a reimbursement fund developed as an adjunct reimbursement methodology to directly reimburse qualifying hospitals for the direct and indirect costs associated with the operation of graduate medical education programs and the costs associated with the treatment of a disproportionate share of poor, indigent, nonreimbursed or nominally reimbursed patients for inpatient services.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Asset Coverage means “asset coverage” of a class of senior security which is a stock, as defined for purposes of Section 18(h) of the 1940 Act as in effect on the date hereof, determined on the basis of values calculated as of a time within 48 hours (only including Business Days) next preceding the time of such determination.

  • Subsidized Xxxxxxxx Loan means a Loan for which the interest rate is governed by Section 427A(a) or 427A(d) of the Higher Education Act.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).