Section 1 Reinsurance
Section 508(k) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)) is amended—
in paragraph (3)—
by striking “(3) Share of risk.—The” and inserting the following:
“(3) Risk
“(A) Share of risk—The”
by adding at the end the following:
“(B) Limitation on average rate of return—The target average rate of return for reinsured companies for the 2018 reinsurance year and each subsequent reinsurance year shall be 9.6 percent of retained premiums.”
in paragraph (8), by striking subparagraph (F).