Actuarially sound:

The financial goal of any insurance program (including the federal crop insurance program) is to operate on an actuarially sound basis; that is, total premiums collected should more than offset total indemnities paid out.

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Information and definitions of the terms been taken from various reliable government publications and we have done our best to verify their accuracy. If you feel any of the definitions are incorrect or needs to be updated please contact us and we will look into it.

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