Independent agents and underwriters sparred with U.S. Agriculture Department representatives over agent commission caps put forth as part of the mandated cuts to the federal crop insurance program during a recent House subcommittee hearing.
The comments–exchanged at a hearing before the Subcommittee on General Farm Commodities and Risk Management of the House Agriculture Committee–related to a new Standard Reinsurance Agreement (SRA) that cuts U.S. subsidies to the federal program by $6 billion over 10 years.
The program is administrated by the USDA's Risk Management Agency.
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