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7 U.S. Code § 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) DefinitionsAs 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) Beginning farmer or rancher
The term “beginning farmer or rancher” means a farmer or rancher who has not actively operated and managed a farm or ranch with a bona fide insurable interest in a crop or livestock as an owner-operator, landlord, tenant, or sharecropper for more than 5 crop years, as determined by the Secretary.
(4) Board
The term “Board” means the Board of Directors of the Corporation established under section 1505(a) of this title.
(5) Corporation
The term “Corporation” means the Federal Crop Insurance Corporation established under section 1503 of this title.