Actuarial soundness of certain new products
Title XI — Crop Insurance
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No wording changed between Introduced and Committee version.
How the text changed
Section 506(n) of the Federal Crop Insurance Act (7 U.S.C. 1506(n)) is amended by adding at the end the following: (4) Actuarial soundness of certain new products The Corporation shall— (A) review each policy or product developed under section 508(h) periodically for actuarial soundness; and (B) take such actions, in consultation with persons described in paragraph (1)(A) of such section, as are necessary to improve the actuarial soundness of such policies and products..
Section 506(n) of the Federal Crop Insurance Act (7 U.S.C. 1506(n)) is amended by adding at the end the following: (4) Actuarial soundness of certain new products The Corporation shall— (A) review each policy or product developed under section 508(h) periodically for actuarial soundness; and (B) take such actions, in consultation with persons described in paragraph (1)(A) of such section, as are necessary to improve the actuarial soundness of such policies and products..
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