REVENUE INSURANCE.

SEC. 195. REVENUE INSURANCE. Section 508(h) of the Federal Crop Insurance Act (7 U.S.C. 1508(h)) is amended by adding at the end the following: “(9) Revenue insurance pilot program.— “(A) In general.— Not later than December 31, 1996, the Secretary shall carry out a pilot program in a limited number of counties, as determined by the Secretary, for crop years 1997, 1998, 1999, and 2000, under which a producer of wheat, feed grains, soybeans, or such other commodity as the Secretary considers appropriate may elect to receive insurance against loss of revenue, as determined by the Secretary. “(B) Administration.— Revenue insurance under this paragraph shall— 110 STAT. 947 “(i) be offered through reinsurance arrangements with private insurance companies; “(ii) offer at least a minimum level of coverage that is an alternative to catastrophic crop insurance; “(iii) be actuarially sound; and “(iv) require the payment of premiums and administrative fees by an insured producer.”.