Page:United States Statutes at Large Volume 108 Part 4.djvu/561

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PUBLIC LAW 103-354—OCT. 13, 1994 108 STAT. 3195

    • (i) crop insurance policies were obtained for—

"(I) the crop year the loss was experienced; and "(II) the crop year immediately preceding the year of the prevented planting loss; and (ii) the cause of the loss occurred— "(I) after the sales closing date for the crop in the crop year inmiediately preceding the loss; and "(II) before the sales closing date for the crop in the year in which the loss is experienced. " (8) PILOT PROGRAM OF ASSIGNED YIELDS FOR NEW PRODUCERS. — "(A) PROGRAM REQUIRED.— For each of the 1995 and 1996 crop years, the Corporation shall carry out a pilot program to assign to eligible new producers higher assigned yields than would otherwise be assigned to me producers under subsection (g). The Corporation shall include in the pilot program 30 counties that are determined by the Corporation to be adequate to provide a comprehensive evaluation of the feasibility, effectiveness, and demand among new producers for increased assigned yields.

  • (B) INCREASED ASSIGNED YIELDS.— In the case of an

eligible new producer participating in the pilot program, the Corporation shall assign to the new producer a yield that is equal to not less tiian 110 percent of the transitional yield otherwise established by the Corporation. "(C) ELIGIBLE NEW PRODUCER.— The Secretary shall establish a definition of new producer for purposes of determining eligibility to participate in the pilot program, "(i) ADOPTION OF RATES AND COVERAGES.— The Corporation shall adopt, as soon as practicable, rates and coverages mat will improve the actuarial soundness of the insurance operations of the Corporation for those crops that are determined to be insured at rates that are not actuarially sound, except that no rate may be increased by an amount of more than 20 percent over the comparable rate of the preceding crop year, " (j) CLAIMS FOR LOSSES.— "(1) IN GENERAL.— Under rules prescribed by the Corpora- Regulations, tion, the Corporation may provide for adjustment and payment of claims for losses. The rules prescribed by the Corporation shall establish standards to ensure that all claims for losses are adjusted, to the extent practicable, in a uniform and timely manner. " (2) DENIAL OF CLAIMS. — "(A) IN GENERAL.— Subject to subparagraph (B), if a claim for indemnity is denied by the Corporation or an approved provider, an action on me claim may be brought against the Corporation or Secretary only in the United States district court for the district in which the insured farm is located. "(B) STATUTE OF LIMITATIONS.— A suit on the claim may be brought not later than 1 year after the date on which final notice of denial of the claim is provided to the dainmnt. "(3) INDEMNIFICATION.— The Corporation shall provide approved insurance providers with indemnification, including