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Crop Insurance: Opportunities Exist to Reduce Government Costs for Private-Sector Delivery

T-RCED-97-139 Published: Apr 17, 1997. Publicly Released: Apr 17, 1997.
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Highlights

GAO discussed the: (1) adequacy of the administrative expense reimbursement paid by the U.S. Department of Agriculture's (USDA) Federal Crop Insurance Corporation (FCIC) to participating insurance companies for selling and servicing crop insurance; and (2) comparative cost to the government of delivering catastrophic crop insurance through USDA and the private sector.

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Administrative costsAgricultural productionAllowable costsFarm income stabilization programsFloodsGrain and grain productsHurricanesInsurance companiesInsurance cost controlInsurance premiumsNatural disastersPrivatizationCrop insurance