§400.205. Denial or termination of contract and administrative reassignment of business.
7 C.F.R. § 400.205
Non-compliance with these standards will result in:
The denial of a Contract; or
Termination of an existing Contract. In the event of denial or termination of the Contract, all crop insurance policies of the Corporation sold by the Contractor and all business pertaining thereto may be assumed by the Corporation and may be administratively reassigned by the Corporation to another Contractor.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 1506, 1516.
Source
Source: 53 FR 24015, June 27, 1988, unless otherwise noted.
Authority
Authority: 7 U.S.C. 1506(1), 1506(o).