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Actuarial Effects of Unit Structure in the U.S. Actual Production History Crop Insurance Program

  • Thomas O. Knight (a1) and Keith H. Coble (a2)


This paper examines the effects of optional subdivision on APHP losses for wheat, corn, and soybeans. Thirty-seven state/crop programs are analyzed and the implications of the results are discussed in relation to newly developed crop and revenue insurance programs. The results illustrate the importance of incorporating actuarial experience into the premium rate structure and contract provisions of an insurance program.



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