Cap on overall rate of return for crop insurance providers

Section 508(k)(3) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)(3)) is amended— (1) by striking the paragraph designation and heading and all that follows through The and inserting the following: (3) Risk (A) Share of risk The; and (2) by adding at the end the following: (B) Limitation on average rate of return The target average rate of return for reinsured companies for the 2027 reinsurance year and each subsequent reinsurance year shall be 8.9 percent of retained premiums..