North Dakota Crop Insurance Exam Questions And Answers

______ hours of continuing education a are required for crop insurance ever 2 years. - 24 ______hours of the continued education are required to be in Ethics. - 3 A buisness entity acting as an insurance producer is required to - Obtain an insurance producer license A condition that creates or increases the probability of a loss - Hazzard A grass crop that has a smaller seed, typically refers to wheat, rice, oats, barley, etc. - Small Grain A license may not be renewed or a new license issued in those lines for which the licensee who fails to comply with continuing education requirements - Renewal A loss that occurs at a specific time and place or over a period of time. such as fire or hail storm. - Occurrence Acreage Reporting - Every crop year, farmer must submit acreage report, due by the acreage reporting date contained in the special provisions for the county for the insured crop or provided in the basic policy provisions. Acreage Reporting Date - The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value - The cost to replace an item of property at the time of loss, less an allowance for depreciation. Actual Production History (APH) - comprehensive protection against yield loss due to unavoidable, naturally occurring events such as drought, excessive moisture, hail, wind, frost, insects, and disease.Actual Revenue History (ARH) - Insures historical revenues. It is structured as an endorsement to the Common Crop Insurance Policy Basic Provisions. "Protects growers against losses from which low yields, low prices, low quality, or any combination of these events." Administrative Fee - The annual fee that producer must pay per crop and county in addition of the premium (if any) for buy-up or CAT coverage -CAT coverage fee is $300 per crop per county. The administrative fee for buy up coverage is $30 per crop per county. Admitted or Authorized Insurer - An insurance company that has qualified and received a Certificate of Authority from the department of insurance to transact insurance in the state. annual appointment renewal date. - May 1st anyone who wants to insure their share in an insurable crop. owner operators, tenants, renters, cropshare landlords, partnerships, corporations and estates - Insured Eligibility Assignment of interest - You may not assign your interest in this policy without our written consent Careless attitude, indifference, failure to care - Morale Hazards Catastrophe Loss Award - Will apply to all losses that exceed 70% of the particular acre or acres of crops. In no event shall the total payment per acre exceed the amount of insurance applying. Catastrophic Risk Protection (CAT) - The minimum level of coverage offered by RMA which meets the requirements for a person to qualify for certain other USDA program benefits. CE compliance period? - 2 yearsCE hours required per compliance period? - 24 hours Civil Penalty for insurance code violation. - $100-$1000 Coarse gains - Grain Sorghum, Corn, & Soybeans