Reimbursement rates for administrative and operating costs

Section 508(k)(4) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)(4)) is amended— (1) in subparagraph (A)— (A) in the matter preceding clause (i), by striking shall not exceed— and inserting shall—; (B) in clause (i)— (i) by inserting not exceed, before for the; and (ii) by striking and after the semicolon; (C) in clause (ii)— (i) by inserting not exceed, before for each; (ii) by striking and subsequent and inserting through 2026; and (iii) by striking the period at the end and inserting; and; and (D) by adding at the end the following: (iii) for each of the 2027 and subsequent reinsurance years, be determined in accordance with subparagraph (F).; and (2) by striking subparagraph (F) and inserting the following: (F) Reimbursement rates for reinsurance year 2027 and subsequent reinsurance years Notwithstanding subparagraphs (A), (B), (C), and (E), for each of the 2027 and subsequent reinsurance years, the rate established by the Board to reimburse approved insurance providers and agents for the administrative and operating costs of the providers and agents with respect to each policy made available under this Act shall be equal to the rate applicable to the policy in effect for the 2026 reinsurance year..