Crop Insurance Corporation
- Crop Insurance Corporation
-
A corporation created in carrying out the purposes of the Federal Crop Insurance Act, with capital stocks subscribed by the United States, the management vested in a board of directors, and having power to insure agricultural commodities against loss due to unavoidable causes, including drought, flood, hail, wind, tornado, insect infestation, plant disease, and such other unavoidable causes as may be determined by the board of directors of the corporation, but except, for tobacco, not extending beyond the period that the insured crop is in the field. 7 USC § 1508(a).
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
Federal Crop Insurance Corporation — The Federal Crop Insurance Corporation (FCIC) is a wholly owned Government corporation managed by the Risk Management Agency of the U.S. Department of Agriculture. FCIC manages the Federal crop insurance program which provides U.S. farmers and… … Wikipedia
Crop insurance — is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in… … Wikipedia
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
Government-owned corporation — A government owned corporation, state owned company, state owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on… … Wikipedia
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
Agricultural insurance in India — An Indian farmer Agriculture in India is highly susceptible to risks like droughts and floods. It is necessary to protect the farmers from natural calamities and ensure their credit eligibility for the next season. For this purpose, the… … Wikipedia
Agriculture insurance company of india — Infobox Company company name = Agriculture Insurance Company of India Limited company company type = Public Limited company slogan = Sampann Bharat Ki Pehchan, Beemit Phasal Kushal Kisan and Krishak Yatna Rakshan foundation = 2003 location =… … Wikipedia
Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… … Wikipedia
