The Risk Management Agency (RMA) has updated the insurance handbooks for the Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), and Dairy Revenue Protection (DRP) insurance products.
Click below to view the new LGM handbooks.
Click here to view the new LRP handbook.
Click here to view the new DRP handbook.
Summary of Changes
Specific Coverage Endorsements (SCEs) (or Quarterly Coverage Endorsements (QCEs) in the case of DRP coverage) must be received by AgriSompo's information technology system (AgriNet) by the end of the sales period, which occurs:
- At 8:25 a.m. Central Time for LRP, LGM-Cattle, and LGM-Swine.
- At 9:00 a.m. Central Time for DRP and LGM-Dairy.
AgriSompo will accept a signed SCE/QCE if received in AgriNet after the end of the sales period provided:
- The SCE/QCE was signed by the agent and the insured during the sales period, and proof of time of signature is provided;
- The information from the SCE/QCE was keyed into AgriNet and that SCE’s or QCE's data was received by AgriSompo by the end of the sales period; and
- AgriSompo receives a copy of the completed, signed SCE/QCE no later than 10:30 a.m. Central Time immediately following the end of the sales period.
AgriSompo may accept the SCE if received in AgriNet after 10:30 a.m. Central Time immediately following the end of the sales period provided:
- All criteria listed above are met;
- AgriSompo receives a copy of the completed, signed SCE/QCE no later than 12:00 p.m. (noon) Central Time immediately following the end of the sales period; and
- AgriSompo can document a valid reason for the delay.
Beyond 12:00 p.m. Central Time, no exceptions are allowed.