Page:United States Statutes at Large Volume 107 Part 1.djvu/359

 PUBLIC LAW 103-66 —AUG. 10, 1993 107 STAT. 333 (3) by striking "each of calendar years 1994 and 1995* and inserting "the 1995 calendar year", (c) WETLANDS RESERVE PROGRAM. —Section 1237 of such Act (16 U.S.C. 3837) is amended— (1) by striking subsection (b) and inserting the following new subsection: "(b) MINIMUM ENROLLMENT. —The Secretary shall enroll into the wetlands reserve program— "(1) a total of not less than 330,000 acres by the end of the 1995 calendar year; and "(2) a total of not less than 975,000 acres during the 1991 through 2000 calendar years."; and (2) in subsection (c), by striking "1995" and inserting "2000". SEC. 1403. FEDERAL CROP INSURANCE. (a) ACTUARIAL SOUNDNESS.— Section 506 of the Federal Crop Insurance Act (7 U.S.C. 1506) is amended by adding at the end the following new subsection: "(n) ACTUARIAL SOUNDNESS.—The Corporation shall take such actions as are necessary to improve the actuarial soundness of Federal multiperil crop insurance coverage made available under this title to achieve, on and after October 1, 1995, an overall projected loss ratio of not greater than 1.1, including— "(1) instituting appropriate requirements for documentation of the actual production history of insured producers to establish recorded or appraised jdelds for Federal crop insurance coverage that more accurately reflect the associated actuarial risk, except that the Corporation may not carry out this paragraph in a manner that would prevent beginning farmers from obtaining adequate Federal crop insurance, as determined by the Corporation; "(2) establishing in counties, to the extent practicable, a crop insurance option based on area yields in a manner that allows an insured producer to qualify for an indemnity if a loss has occurred in a specified area in which the farm of the insured producer is located; "(3) establishing a database that contains the social security account and employee identification numbers of participating producers and using the numbers to identify insured producers who are high risk for actuarial purposes and insured producers who have not documented at least 4 years of production history, to assess the performance of insurance providers, and for other purposes permitted by law; and "(4) taking any other measures authorized by law to improve the actuarial soundness of the Federal crop insurance program while maintaining fai^ess and effective coverage for agricultural producers.". ^ (b) CONFORMING AMENDMENTS. — (1) REINSURANCE. —Section 508(h) of such Act (7 U.S.C. 1508(h)) is amended by striking the fifth sentence and inserting the following new sentence: 'The Corporation shall also pay operating and administrative costs to insurers of policies on which the Corporation provides reinsurance in an amount determined by the Corporation.".

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