Page:United States Statutes at Large Volume 114 Part 1.djvu/405

 PUBLIC LAW 106-224-^JUNE 20, 2000 114 STAT. 369 "(2) SECOND CROP.— The term 'second crop' means a second crop of the same agricultural commodity as the first crop, or a crop of a different agricultural commodity following the first crop, pleinted on the same acreage as the first crop for harvest in the same crop year, except the term does not include a replanted crop. "(3) REPLANTED CROP. — The term 'replanted crop' means any agricultural commodity replsinted on the same acreage as the first crop for harvest in the same crop year if the replanting is required by the terms of the policy of insurance covering the first crop. "(b) DOUBLE INSURANCE.— " (1) OPTIONS ON LOSS TO FIRST CROP.—Except as provided in subsections (d) and (e), if a first crop insured under this title in a crop year has a total or partial insurable loss, the producer of the first crop may elect one of the following options: "(A) No SECOND CROP PLANTED.—The producer may— "(i) elect to not plant a second crop on the same acreage for heirvest in the seune crop year; and "(ii) collect an indemnity payment that is equal to 100 percent of the insurable loss for the first crop. "(B) SECOND CROP PLANTED. —The producer may— "(i) plant a second crop on the same acreage for hsirvest in the same crop year; and "(ii) collect an indemnity pa3anent established by the Corporation for the first crop, but not to exceed 35 percent of the insurable loss for the first crop. " (2) EFFECT OF NO LOSS TO SECOND CROP.—I f a producer makes an election under paragraph (1)(B) and the producer does not suffer an insurable loss to the second crop, the producer may collect an indemnity payment for the first crop that is equad to— "(A) 100 percent of the insurable loss for the first crop; less "(B) the amount previously collected under paragraph (l)(B)(ii). "(3) PREMIUM FOR FIRST CROP IF SECOND CROP PLANTED.— "(A) INITIAL PREMIUM.—If a producer makes an election under paragraph (1)(B), the producer shall be responsible for a premium for the first crop that is commensurate with the indemnity paid under paragraph (l)(B)(ii). The Corporation shall adjust the total premium for the first crop to reflect the reduced indemnity. "(B) EFFECT OF NO LOSS TO SECOND CROP. —If the producer makes an election under paragraph (I)(B) and the producer does not suffer an insurable loss to the second crop, the producer shall be responsible for a premium for the first crop that is equgJ to— "(i) the full premium owed by the producer for the first crop; less "(ii) the amount of premium previously p£dd under subpgiragraph (A). "(c) PREVENTED PLANTING COVERAGE.— " (1) OPTIONS ON LOSS TO FIRST CROP. —Except as provided in subsections (d) and (e), if a first crop insvired under this title in a crop year is prevented from being planted, the producer of the first crop may elect one of the following options:

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