Crops 

U.S. Code > Title 7 > Chapter 36 > Subchapter I > § 1502 - Purpose; definitions; protection of information; relation to other laws

(a) Purpose
  It is the purpose of this subchapter to promote the national
welfare by improving the economic stability of agriculture through
a sound system of crop insurance and providing the means for the
research and experience helpful in devising and establishing such
insurance.
(b) Definitions
  As used in this subchapter:
  (1) Additional coverage
    The term "additional coverage" means a plan of crop insurance
  coverage providing a level of coverage greater than the level
  available under catastrophic risk protection.
  (2) Approved insurance provider
    The term "approved insurance provider" means a private
  insurance provider that has been approved by the Corporation to
  provide insurance coverage to producers participating in the
  Federal crop insurance program established under this subchapter.
  (3) Board
    The term "Board" means the Board of Directors of the
  Corporation established under section 1505(a) of this title.
  (4) Corporation
    The term "Corporation" means the Federal Crop Insurance
  Corporation established under section 1503 of this title.
  (5) Department
    The term "Department" means the United States Department of
  Agriculture.
  (6) Loss ratio
    The term "loss ratio" means the ratio of all sums paid by the
  Corporation as indemnities under any eligible crop insurance
  policy to that portion of the premium designated for anticipated
  losses and a reasonable reserve, other than that portion of the
  premium designated for operating and administrative expenses.
  (7) Organic crop
    The term "organic crop" means an agricultural commodity that is
  organically produced consistent with section 6502 of this title.
  (8) Secretary
    The term "Secretary" means the Secretary of Agriculture.
  (9) Transitional yield
    The term "transitional yield" means the maximum average
  production per acre or equivalent measure that is assigned to
  acreage for a crop year by the Corporation in accordance with the
  regulations of the Corporation whenever the producer fails - 
      (A) to certify that acceptable documentation of production
    and acreage for the crop year is in the possession of the
    producer; or
      (B) to present the acceptable documentation on the demand of
    the Corporation or an insurance company reinsured by the
    Corporation.
(c) Protection of confidential information
  (1) General prohibition against disclosure
    Except as provided in paragraph (2), the Secretary, any other
  officer or employee of the Department or an agency thereof, an
  approved insurance provider and its employees and contractors,
  and any other person may not disclose to the public information
  furnished by a producer under this subchapter.
  (2) Authorized disclosure
    (A) Disclosure in statistical or aggregate form
      Information described in paragraph (1) may be disclosed to
    the public if the information has been transformed into a
    statistical or aggregate form that does not allow the
    identification of the person who supplied particular
    information.
    (B) Consent of producer
      A producer may consent to the disclosure of information
    described in paragraph (1). The participation of the producer
    in, and the receipt of any benefit by the producer under, this
    subchapter or any other program administered by the Secretary
    may not be conditioned on the producer providing consent under
    this paragraph.
  (3) Violations; penalties
    Section 2276(c) of this title shall apply with respect to the
  release of information collected in any manner or for any purpose
  prohibited by this subsection.
(d) Relation to other laws
  (1) Terms and conditions of policies and plans
    The terms and conditions of any policy or plan of insurance
  offered under this subchapter that is reinsured by the
  Corporation shall not - 
      (A) be subject to the jurisdiction of the Commodity Futures
    Trading Commission or the Securities and Exchange Commission;
    or
      (B) be considered to be accounts, agreements (including any
    transaction that is of the character of, or is commonly known
    to the trade as, an "option", "privilege", "indemnity", "bid",
    "offer", "put", "call", "advance guaranty", or "decline
    guaranty"), or transactions involving contracts of sale of a
    commodity for future delivery, traded or executed on a contract
    market for the purposes of the Commodity Exchange Act (7 U.S.C.
    1 et seq.).
  (2) Effect on CFTC and Commodity Exchange Act
    Nothing in this subchapter affects the jurisdiction of the
  Commodity Futures Trading Commission or the applicability of the
  Commodity Exchange Act (7 U.S.C. 1 et seq.) to any transaction
  conducted on a contract market under that Act by an approved
  insurance provider to offset the approved insurance provider's
  risk under a plan or policy of insurance under this subchapter.

Legislative History

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