News Bulletins

FEDERAL CROP INSURANCE REBATING
The RMA, along with State insurance departments, has launched an initiative aimed at increased enforcement of insurance rebating prohibitions. The initiative comes in response to the growing number of recent complaints and allegations of illegal rebates tied to Federal crop insurance purchases. Simply click on the attachments below to read the letters.

• USDA RMA MEMO TO FSA OFFICES

• Illinois MPCI Agent Enforcement Bulletin

• Federal Letter

• Managers Bulletin

• www.rma.usda.gov/news/2007/12/1217rebating.html

• State Letter

• www.naic.org


Originally organized in 1928...

The Independent Farm Insurance Agents of Illinois work to promote the common interests of the independent farm insurance agents of Illinois by improving the business conditions for the members and offering educational programs covering topics of common interest to the membership. The organization also works to establish and encourage communication among the members on all matters related to the farm insurance industry.

JAY JOHNSON STIPULATION AND CONSENT ORDER
We have received a copy of the Stipulation and Consent Order from the State of Illinois Department of Financial Regulation Division of Insurance concerning Federal Crop Insurance. Jay Johnson is associated with Johnson Grain of Waverly, Illinois. Simply click on the above to read the order.  

First Farm Credit Patronage Program
We still have no firm news to report on the First Farm Credit hearing concerning the denial of their "Patronage Program." Final arguments were presented to the hearing officer in mid-September with a final disposition expected at any time. We will work to keep our members informed of upcoming details concerning this item and hope to have the final results to present to you soon.