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Crop Insurance: Increases in Insured Crop Prices and Premium Rates Raise the Administrative Expense Reimbursement Paid to Companies

RCED-98-115R Published: Mar 20, 1998. Publicly Released: Mar 20, 1998.
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Highlights

GAO reviewed: (1) the relationship between insured crop prices and the premium rates paid to insurance companies that sell and service crop insurance; and (2) alternative reimbursement methods that were presented in its April 1997 report and that the Federal Crop Insurance Corporation is considering.

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Sarah Kaczmarek
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Topics

Administrative costsAgricultural productionFarm income stabilization programsGrain and grain productsInsurance companiesInsurance cost controlInsurance lossesInsurance premiumsCrop insuranceCrop prices