{"data":{"id":"us/7-cfr-400.161","jurisdiction":"us","citation":"7 CFR 400.161","heading":"Definitions.","body":"In addition to the terms defined in the Standard Reinsurance Agreement, Livestock Price Reinsurance Agreement and any other Reinsurance Agreement, the following terms as used in this rule are defined to mean:\nAnnual statutory financial statement means the annual financial statement of a Company prepared in accordance with Statutory Accounting Principles and submitted to the state insurance department if required by any state in which the Company is licensed.\nCompany means the insurance company that currently has or is applying to FCIC for a Reinsurance Agreement.\nFCIC means the Federal Crop Insurance Corporation as authorized in section 503 of the Federal Crop Insurance Act (7 U.S.C. 1503).\nMPUL means the maximum possible underwriting loss that a Company can sustain on policies it intends to reinsure after adjusting for the effect of any Reinsurance Agreement and any private reinsurance, as evaluated by FCIC.\nPlan of Operations means the documentation and information submitted by a Company to apply for or maintain a Reinsurance Agreement as required by FCIC.\nQuarterly Statutory Financial Statement means the quarterly financial statement of a Company prepared in accordance with Statutory Accounting Principles and submitted to the state insurance department if required by any state in which the Company is licensed.\nReinsurance Agreement means the Standard Reinsurance Agreement, Livestock Price Reinsurance Agreement or any other Reinsurance Agreement between the Company and FCIC.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER IV—FEDERAL CROP INSURANCE CORPORATION, DEPARTMENT OF AGRICULTURE","PART 400—GENERAL ADMINISTRATIVE REGULATIONS","Subpart L—Reinsurance Agreement—Standards for Approval; Regulations for the 2019 and Subsequent Reinsurance Years."],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"34001f34f58382280d1a82712fd018b345972ecf6d8b5ba72fddf8524922ac42","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-400.98","next":"us/7-cfr-400.162"},"notice":"GroundRules: Original legal text. Not legal advice."}