Crop Insurance (C) Working Group
December 3, 2007
The Crop Insurance (C) Working Group met in joint session with the Producer Licensing (D) Working Group on Monday, December 3, 2007.
During this meeting, the Working Group:
- Received a report about an initiative jointly undertaken by the Risk Management Agency and state insurance regulators to more closely monitor illegal multi-peril crop insurance rebating schemes. Several state insurance regulators, in coordination with the RMA, developed a model bulletin to notify insurance companies and agents that participate in the federal crop insurance program of their commitment to work together to find and end rebating schemes. States will be asked to sign a joint bulletin to be distributed to the insurers during the NAIC Plenary on Dec. 4 and a separate model bulletin will be made available to states to distribute to their licensed crop insurance agents on the week of Jan. 7, 2008.
- Discussed with the Producer Licensing (D) Working Group (PLWG) an RMA initiative to develop a proficiency testing program for MPCI adjusters. Since 2005, the RMA has required all MPCI adjusters to abide by state insurance adjuster licensing requirements. The RMA has discovered that individuals interested in MPCI-only adjusting are not going into the profession in states requiring a general property and casualty license. As a result, the RMA are asking these states to develop a program that would allow individuals to obtain a crop-only adjuster license using the individual’s proficiency testing results as the examination basis for the adjuster. The Crop Insurance Working Group agreed to provide additional information about the RMA’s proficiency program to the PLWG and schedule a joint conference call to further discuss this issue.
Action Items:
1. No actions were taken during this meeting.