INFORMATIONAL MEMORANDUM: COM–22-004
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
December 09, 2022
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Heather Manzano, Deputy Administrator for Compliance /s/ Heather Manzano 12/9/2022
Subject:
Revised 2023 SRA Appendix IV Review Requirements Matrix
- Background
-
The SRA Appendix IV Matrix is updated annually in accordance with renewal of the Standard Reinsurance Agreement unless a revision is needed.
Matrix revisions are needed to reduce redundancies, simplify the display of Individual Yield plans with separate endorsements, update Post-Application Coverage Endorsement (PACE), and update conflict of interest review requirements for Downed Rice and High-Risk Alternate Coverage endorsements.
Specifically, the following revisions are made:
- Reference to CAT for High-Risk Land is removed;
- Conflict of Interest review requirement column revised from ‘Y\*’ to ‘Y\Y’ for Individual Yield \High-Risk Alternate Coverage and Downed Rice endorsements;
- Individual Yield plans with Endorsements are consolidated and grouped by those endorsements having an insurance plan code verses those having an option code;
- PACE review requirements revised to match other Individual Yield plans\endorsements with an insurance plan code;
- Information appearing directly underneath the Matrix and in the illustration box has been incorporated into the box for codes used in the review matrix;
- Three new boxes added for notes, endorsement categories and codes.
- Action
-
This serves to inform our industry partners of revisions made to the 2023 SRA Appendix IV Review Requirements Matrix.
DISPOSAL DATE:
Until modified or rescinded
Attachment- Revised 2023 SRA Appendix IV Review Requirements Matrix