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payment is issued for a loss.

• Clarify that livestock must be marketable by the end of the policy.

• Require insurance companies to pay claims within 30 days. Previously, insurance companies had 60 days to pay indemnities following the receipt of the claim form.

• Cancellation during a crop year to apply to another LRP policy with a different insurance provider within the same crop year is no longer allowed.

• Payment for the policy has been moved from the start of the policy to the end of the policy.

This article is for informational purposes only. The information is not all-inclusive and is intended as general guidelines. For additional information, please refer to the Risk Management Agency website or a livestock insurance agent.