Pub. L. 103-354, tit. I, sec. 102
DEFINITIONS.
SEC. 102. DEFINITIONS. (a) In General.— Section 502 (7 U.S.C. 1502) is amended— (1) by striking the section heading and “Sec. 502.” and inserting the following: “SEC. 502. PURPOSE AND DEFINITIONS. “(a) Purpose.— and (2) by adding at the end the following new subsection: “(b) Definitions.— As used in this title: “(1) Additional coverage.— The term ‘additional coverage’ means a plan of crop insurance coverage providing a level of coverage greater than the level available under catastrophic risk protection. “(2) Approved insurance provider.— The term ‘approved insurance provider’ means a private insurance provider that has been approved by the Corporation to provide insurance coverage to producers participating in the Federal crop insurance program established under this title. “(3) Board.— The term “Board’ means the Board of Directors of the Corporation established under section 505(a). “(4) Corporation.— The term ‘Corporation’ means the Federal Crop Insurance Corporation established under section 503. “(5) Department.— The term ‘Department’ means the United States Department of Agriculture. “(6) Loss ratio.— The term ‘loss ratio’ means the ratio of all sums paid by the Corporation as indemnities under any eligible crop insurance policy to that portion of the premium designated for anticipated losses and a reasonable reserve, other than that portion of the premium designated for operating and administrative expenses. “(7) Secretary.— -The term ‘Secretary’ means the Secretary of Agriculture. “(8) Transitional yield.— The term ‘transitional yield’ means the maximum average production per acre or equivalent measure that is assigned to acreage for a crop year by the Corporation in accordance with the regulations of the Corporation whenever the producer fails— “(A) to certify that acceptable documentation of production and acreage for the crop year is in the possession of the producer, or “(B) to present the acceptable documentation on the demand of the Corporation or an insurance company reinsured by the Corporation.”. (b) Conforming Amendments.— (1) The first sentence of section 503 (7 U.S.C. 1503) is amended by striking “(herein called the Corporation)”. (2) Section 504 (7 U.S.C. 1504) is amended— (A) in subsection (a), by striking “Board of Directors of the Corporation” and inserting “Board”; and (B) in subsection (d), by striking “Federal Crop Insurance Corporation” and inserting “Corporation”. 108 STAT. 3181 (3) The first sentence of section 505(a) (7 U.S.C. 1505(a)) is amended by striking “(hereinafter called the ‘Board’)”. (4) Except in section 502, the Act is amended— (A) by striking “Board of Directors” each place it appears and inserting “Board”; (B) by striking “Department of Agriculture” each place it appears and inserting “Departments”; and (C) by striking “Secretary of Agriculture” each place it appears and inserting “Secretary”.