Page:United States Statutes at Large Volume 108 Part 4.djvu/548

 108 STAT. 3182 PUBLIC LAW 103-354—OCT. 13, 1994 inserting "(as defined by the Secretary) fix)m obtaining Federal crop insurance"; (D) in subparagraph (C) (as so redesignated)— (i) by inserting ", agents, and loss adjusters" after "participating producers, and (ii) by inserting ", agents, and loss adjusters" after "identify insured producers"; and (E) by adding at the end the following new paragraphs: "(2) PROJECTED LOSS RATIO AS OF OCTOBER i, 1998.—The Corporation shall take such actions, including the establishment of adequate premiums, as are necessary to improve the actuarial soundness of Federal multiperil crop insurance made available under this title to achieve, on and after October 1, 1998, an overall projected loss ratio of not greater than 1.075. "(3) NONSTANDARD CLASSIFICATION SYSTEM. —To the extent that the Corporation uses the nonstandard classification system, the Corporation shall apply the system to all insured producers in a fair and consistent manner.; and (6) by adding at the end the following new subsections: "(p) REGULATIONS. — The Secretary and the Corporation are each authorized to issue such regulations as are necessary to carry out this title. "(q) PROGRAM COMPLIANCE.— "(1) TiMEUNESS.— The Corporation shall work actively with approved insurance providers to address program compliance and integrity issues as the issues develop. "(2) NOTIFICATION OF COMPLIANCE PROBLEMS.—The Corporation shall notify in writing any approved insurance provider with whom the Corporation has an agreement under tins title of any error, omission, or failure to follow Corporation regulations or procedures for which the approved insurance provider may be responsible and which may result in a debt owed the Corporation. The notice shall be given within 3 years of the end of the insurance period during which the error, omission, or failing is alleged to have occiured, except that this time limit shall not apply with respect to errors, omissions, or procedural violations that are willfiil or intentional. The failure to timely provide the notice required under this subsection shall reUeve the approved insurance provider fii^m the debt owed the Corporation. "(r) PURCHASE OF AMERICAN-MADE EQUIPMENT AND PRODUCTS.— "(1) SENSE OF CONGRESS.—It is the sense of Congress that, to the greatest extent practicable, all equipment and products purchased by the Corporation using funds made available to the Corporation should be American-made. "(2) NOTICE REQUIREMENT.— In providing financial assistance to, or entering into any contract with, any entity for the purchase of equipment and products to carry out this title, the Corporation, to the greatest extent practicable, shall provide to the entity a notice describing me statement made in paragraph (1).". SEC. 106. PERSONNEL. Section 507 (7 U.S.C. 1507) is amended—

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