7 CFR § 400.710 General Administrative Regulations

§ 400.710 Preemption and premium taxation.

Current through Jul 29, 2026 · Read all of Part 400

A policy or plan of insurance that is approved by the Board for FCIC reinsurance is preempted from state and local taxation. This preemption does not apply to index-based weather plans of insurance approved for premium subsidy or A&O subsidy under this part.

← § 400.709 Roles and responsibilities.§ 400.711 Right of review, modification, and the withdrawal of approval. →