INFORMATIONAL MEMORANDUM: IS14-002




1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

February 12, 2014

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Heather Manzano, Acting Deputy Administrator for Insurance Services /s/ Heather Manzano    2/12/2014

Subject:

2015 Standard Reinsurance Agreement (SRA) and 2015 Livestock Price Reinsurance Agreement (LPRA)

The Risk Management Agency (RMA) has released the 2015 Standard Reinsurance Agreement (SRA) and Appendices I, II, and IV, and the 2015 Livestock Price Reinsurance Agreement (LPRA) and Appendices I, II, and IV, which become effective July 1, 2014. The documents are located on the RMA website at: www.rma.usda.gov/pubs/ra/. The draft Appendix III that provides standards, procedure and instructions for reporting data to RMA will be issued by May 10, 2014.

The following changes were made to the 2015 SRA:

Section III(a)(2)(G)(i)(IV):

For the 2015 reinsurance year, the value in subclause (IV) will be 1.0509.

Section III(a (2)(H)(i))(IV):

For the 2015 reinsurance year, the value in subclause (IV) will be 1.0509.

Companies wishing to participate during the 2015 reinsurance year must submit a signed copy of the applicable agreement and the Plan of Operation exhibits, to RMA by April 1, 2014. Send all 2015 SRA and 2015 LPRA documentation to your assigned account executive or:

VIA email to:   Dave.Miller@rma.usda.gov 
VIA overnight mail to:
David Miller, Director
Reinsurance Services Division, RMA
1400 Independence Avenue, SW Stop 0801
Washington, DC 20250-0804

Please direct any questions to David Miller at 202-720-9830.

 

USDA is an Equal Opportunity Employer and Provider