As we gear up for a couple of our largest sales closing dates in the upcoming months, 2/28 and 3/15, we would like to take this opportunity to provide helpful information regarding application requirements in addition to entity information.

When completing an application form and/or a policy change form, it is imperative that the following items are verified prior to submission to eliminate potential errors/issues being found at a later date:

  • Named insured (coverage does not extend out to any other person having a share or interest in the crop)
  • All SBIs are listed, as applicable to the entity type
  • Tax Identification Numbers for the grower and any SBIs, as applicable to the policy
  • Entity Type
  • Coverage information, including options
  • All the Conditions of Acceptance questions must be answered, and additional documentation submitted if applicable
  • State in which articles of incorporation/organization are filed.
  • A Partnership Statement must be included with the application, if applicable to the entity type
  • Landlord/Tenant must be clearly indicated on the application, if applicable to the policy
  • Valid signatures must be provided by both the insured and the agent (if applicable, a POA must be included with the application and be properly signed and dated with crop insurance authority indicated on the form)
  • Valid dates must be provided
  • Statement advising where authority can be found, if applicable to the entity type

To aid in processing applications, a link to the General Standards Handbook (GSH), which contains the Person Type and Documentation chart in Exhibit 4 is listed below. This is a quick way to reference the following information:

  • Reporting requirements for names on the application by specific entity type
  • What signatures are valid by specific entity type
  • What, if any, additional documentation is required to be submitted with the application
  • Required ID numbers by specific entity type

NOTE: Please remember that while Exhibit 4 is a good reference tool, it is just a summary. If you have additional questions specific to a certain entity type, refer to the actual language contained within the GSH, which outlines more in-depth details for each entity type. Using the handbook and Exhibit 4 is the best way to ensure that incorrect person types and entity issues don’t arise during the verification of a claim when potentially some of the errors cannot be resolved.

2023 General Standards Handbook:—18000/General-Standards-Handbook—18190/2023-18190-General-Standards-Handbook.ashx

We look forward to working with you in 2023 and providing exceptional customer service and valuable tools to ensure your success.