federal crop insurance corporation

Federal Crop Insurance Corporation. A federally chartered corporation that protects farmers against financial losses from crop failure due to adverse weather conditions, insect infestation, plant disease, floods, fires, and earthquakes by encouraging the sale of insurance through licensed agents and brokers and by reinsuring private companies that issue insurance under brand names. • Created by the Agricultural Adjustment Act of 1938, the Corporation operates under the general supervision of the Secretary of Agriculture. — Abbr. FCIC.

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词条贡献者

资深译员Ting，世界知名语言学院法律英语专业，专注翻译各种与专业责任纠纷有关的法律文件。