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indemnified loss

Owned by Dennis Daggett (Deactivated)
2018-02-16
1 min read

Means a loss applicable for the policy for any year during the NCS base period for which the total indemnity exceeds the total earned premium. If the person has insurance for the crop in more than one county for any crop year, indemnities and premiums will be accumulated for all counties for each crop year to determine an indemnified loss.

Authorization Path: 1.1.1.1.1.0

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