Marketability

Section 508(h)(4) of the Federal Crop Insurance Act (7 U.S.C. 1508(h)(4)) is amended— (1) in subparagraph (A)(iii)— (A) by striking This subparagraph and inserting the following: (I) In general Except as provided in subclause (II), this subparagraph; and (B) by adding at the end the following: (II) Exception An approved insurance provider that submits a letter of support for a concept proposal or a policy or plan of insurance— (aa) shall not be considered the public for purposes of clause (ii); (bb) shall have access to data and other product development information submitted to the Board under this subsection; and (cc) shall be subject to the confidentiality requirements that are applicable to the Board under clauses (i) and (ii).; (2) by striking subparagraph (B) and inserting the following: (B) Submitter With respect to a person authorized to make a submission under paragraph (1)(A), the Board— (i) shall provide that person with an opportunity to present the submission to the Board in person; and (ii) shall not require an approved insurance provider assisting that person with a policy to be included as a person or entity making the submission under this subsection.; (3) in subparagraph (D), by adding at the end the following: (iv) Marketability deadline Any new policy, plan of insurance, or other material approved by the Board under this subsection during a reinsurance year and after the Standard Reinsurance Agreement closing date of July 1 shall not be implemented for that reinsurance year unless, not later than 90 days before the sales closing date for that policy, plan of insurance, or other material, the Board makes available to the approved insurance providers all necessary handbooks, training materials, and other resources associated with such policy, plan of insurance, or other materials, as determined by the Board.; and (4) by adding at the end the following: (F) Marketability determination Prior to the approval of a policy, plan of insurance, or other material submitted to the Board under this subsection (referred to in this subparagraph as a product), any approved insurance provider that submits a letter of support for the product shall provide an assessment to the Board on the marketability of that product..