Insurance Division Seeking Comments on Possible Change in Annual Crop/Hail Filing Deadline
The Insurance Division is currently inviting informal comments to assist the Division as we consider a possible change in the crop insurance filing deadline. The current deadline to have crop-hail rate filings into the Division for review is on or before March 15 of each calendar year. This deadline has not changed in at least fifteen years. The present deadline is currently under Iowa Administrative Rule 191-20.8, so any change would require the necessary rulemaking processes, to include a hearing.
The Insurance Division was recently approached by a group of insurance producers who requested we take another look at the filing deadline related to crop insurance. The group requested the deadline be moved up to January 1 or at the latest February 1 in order to allow producers ample time in dealing with farmers before they begin activities in the fields. With the current deadline, their contention is that the producers have a very difficult time setting appointments with the farmers to discuss the current products and rates. Data was also provided to us showing other states surrounding Iowa have an earlier filing deadline than our March 15 date.
We appreciate all comments to be considered in our review process. Please direct these comments electronically to Tom.Omeara@iid.iowa.gov.