Page:United States Statutes at Large Volume 122.djvu/1403

 12 2 STA T . 1 380PUBLIC LA W 110 – 23 4—M A Y 22, 2008 consider ed t o b e a rene g otiation o f t h e A gree m ent for pu rposes of subparagraph ( A ).‘ ‘( C ) NOTIF I CA TIO NREQU IRE M ENT. —I f the Corporation renegotiates a S tandard R einsurance Agreement under subparagraph (A)(iii) , the Corporation sha l l notif y the Com - mittee on Agriculture of the H ouse of Representati v es and the Committee on Agriculture, Nutrition, and F orestry of the Senate of the renegotiation. ‘‘( D ) CON S U L TATION.— T he approved insurance pro- viders may confer w ith each other and collectively with the Corporation during any renegotiation under subpara- graph (A). ‘‘( E ) 201 1 REINSURANCE Y EAR.— ‘‘(i) IN G ENERAL.—As part of the Standard Reinsur- ance Agreement renegotiation authori z ed under subparagraph (A)(i), the Corporation shall consider alternative methods to determine reimbursement rates for administrative and operating costs. ‘‘(ii) ALTERNATI V E MET H O D S.—Alternatives consid- ered under clause (i) shall include— ‘‘(I) methods that— ‘‘(aa) are graduated and base reimburse- ment rates in a State on changes in premiums in that State ‘‘(bb) are graduated and base reimburse- ment rates in a State on the loss ratio for crop insurance for that State; and ‘‘(cc) are graduated and base reimburse- ment rates on individual policies on the level of total premium for each policy; and ‘‘(II) any other method that ta k es into account current financial conditions of the program and ensures continued availability of the program to producers on a nationwide basis. ’ ’. SEC.120 1 8 .C HANG E I N DU EDA T E FOR COR P ORATION PA YM ENTS FOR UNDER W RITING GAINS. Section 5 0 8 (k) of the Federal Crop Insurance Act ( 7U .S.C. 1508(k)) (as amended by section 12017) is amended by adding at the end the following

‘‘( 9 ) DUE DATE FOR P AYMENT OF UNDER W RITING GAINS.— Effective beginning with the 2011 reinsurance year, the Cor- poration shall make payments for underwriting gains under this title on— ‘‘(A) for the 2011 reinsurance year, O ctober 1, 2012; and ‘‘( B ) for each reinsurance year thereafter, October 1 of the following calendar year.’’. SEC. 1201 9 .MA L TING B ARLEY. Section 508(m) of the Federal Crop Insurance Act (7 U.S.C. 1508(m)) is amended by adding at the end the following: ‘‘(5) SPECIAL PROVISIONS FOR MALTING B ARLEY.—The Cor- poration shall promulgate special provisions under this sub- section specific to malting barley, taking into consideration any changes in q uality factors, as required by applicable market conditions.’’.

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