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OGC-96-47 1 (1996-09-23)

handle is hein.gao/gaobablot0001 and id is 1 raw text is: 



GAO            United States
               General Accounting Office
               Washington, D.C. 20548

               Office of the General Counsel



               B-274636; B-274637



               September 23, 1996

               The Honorable Richard G. Lugar
               Chairman
               The Honorable Patrick J. Leahy
               Ranking Minority Member
               Committee on Agriculture, Nutrition, and Forestry
               United States Senate

               The Honorable Pat Roberts
               Chairman
               The Honorable E (Kika) de la Garza
               Ranking Minority Member
               Committee on Agriculture
               House of Representatives

               Subject: Department of Agriculture, Federal Crop Insurance Corporation:
                         Catastrophic Risk Protection Endorsement and General Administrative
                         Regulations; Federal Crop Insurance Reform Act of 1994, Regulations for
                         Implementation

                Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on
                two major rules promulgated by Department of Agriculture, Federal Crop Insurance
                Corporation, entitled Catastrophic Risk Protection Endorsement and General
                Administrative Regulations; Federal Crop Insurance Reform Act of 1994, Regulations
                for Implementation (RIN: 0563-ABli). We received the rules on September 12,
                1996. They were published in the Federal Register as final rules on August 20, 1996.
                61 Fed. Reg. 42979 and 61 Fed. Reg. 42970.

                The first listed rule provides for a catastrophic risk protection plan of crop
                insurance and the second rule provides noninsured producers, policyholders, and
                insurance companies the regulations applicable to the catastrophic risk protection
                program. This new catastrophic risk protection level of insurance was mandated by
                the Federal Crop Insurance Reform Act of 1994 (P.L. 103-354).


GAO/OGC-96-47

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