Germani - Govt Ins - Quiz section #10 and #13 - Subsidized premium

nkekarnkekar
in Germani.GovtIns

10

Q: describe the extent of subsidization in crop insurance pricing
A: premiums are subsidized by RMA (Risk Management Agency of the U.S. Dept of Agriculture

13

Q: what is the ROLE of the RMA (Risk Management Agency of U.S. Dept of Agriculture) versus the federal government
A: federal government: subsidizes policyholder premiums

So which is it? does RMA or Federal government subsidize premium?

Comments

  • grahamgraham

    This exam question wasn't really a great question. I used the information from the examiners' report for the Battle Cards. Near the end of the examiners' report for that question, there's this comment:

    • " The RMA is a division of the United States Department of Agriculture (USDA) and, as such, is considered part of the federal government. Thus, roles/duties listed in the reading as distinct for each of RMA and the federal government were treated interchangeably. An activity performed by the RMA was accepted as a correct response for the federal government and vice versa. "

    In any case, I modified Battle Card 13 to be consistent with Battle Card 10.

    Thanks for pointing this out.

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