Crop Insurance Discount Program Loses Approval

NU Online News Service, June 20, 4:11 p.m.EDT?Federal authorities have withdrawn their approval fora new Web-based discount crop insurer to continue writing policesafter the firm was dropped by its reinsurer and frontingcompany.

The managing general agent of the "Premium Discount Plan" (PDP)pilot program said existing policies remain in force and will beserviced and the company will try to refile and obtain approval toprovide coverage for the 2004 crop year after the current"temporary" setback.

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