Crop Insurance Act of 1990

Summary

Crop Insurance Act of 1990 - Directs the President to appoint as an officer in the Department of Agriculture (Department) a Commissioner of Crop Insurance. Provides for the creation of: (1) a Crop Insurance Advisory Committee; and (2) an Office of Crop Insurance Operations (Office) in the Department. Provides for reviews of: (1) insurers; (2) rating organizations; and (3) crop insurance rates and policies. Preempts State and local law with regard to such reviews and related matters. Requires the Office to make premium vouchers available to agricultural producers to purchase multiple peril crop insurance. Authorizes the Office to provide hardship allowances for the first five years after enactment of this Act under specified circumstances. Directs the Commissioner to provide for an assigned crop insurance plan for those producers unable to obtain crop insurance. Creates a Federal catastrophic reinsurance program to protect insurers against nationwide losses exceeding specified levels. Establishes the Catastrophic Reinsurance Fund. Applies specified fraud remedies to insurance policies under this Act. Authorizes appropriations. Phases out the Federal Crop Insurance Corporation, and repeals the Federal Crop Insurance Act upon the Corporation's dissolution. Directs the Commissioner, upon enactment of this Act, to implement its programs with a Three-Year Transitional Program operated through a Special Transitional Pool (insurance policy repository).

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 24 April 1990

  Open at official source

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