The 2014 Farm Bill was recently signed into law and has raised many
questions and concerns from agents, insureds, and service agencies
regarding Crop Insurance changes. There are new policies and
endorsements in the offering for Crop Year 2015, not the current 2014
Crop Year. There are rate adjustments and subsidies in the offering also.
Risk Management Agency (RMA) has not made the details available
to Approved Insurance Providers as to how, when, and in what manner
each of these new initiatives will be effected. RMA is advising us
that there is a lot of hypothetical and misinformation being circulated.
We want to inform you that until RMA releases their final positions
on these products, nothing will change. As absolute information
is released by RMA, more information will be provided here.
AFBIS, Inc. was founded in June 1995 to provide support and quality service to
Farm Bureau insurance companies. AFBIS, Inc. presently services crop insurance
needs in multiple states as identified on our map. Headquartered in Schaumburg,
IL, AFBIS, Inc. has two regional offices: Fargo, ND, and Raleigh, NC.
AFBIS, Inc. offers a wide range of crop insurance services to meet
the needs of our customers. These services include the availability of software
to fully meet reporting requirements, underwriting reviews, claims handling,
data entry, along with policy distribution and billing functions.
AFBIS, Inc. processes business for various agricultural insurance
lines of business. These include specific wind and hail policies. A complete
array of Multiple Peril Crop Insurance plan types are processed including
Revenue Protection, Yield Protection, Actual Protection History, Group Risk
Plan (county based coverage) and Group Risk Income Protection (county based coverage),
as well as Adjusted Gross Revenue. We also process the available Livestock products of
Livestock Risk Protection and Livestock Gross Margin.
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